Janney Montgomery Scott LLC Purchases New Stake in Core Natural Resources, Inc. (NYSE:CNR)

Janney Montgomery Scott LLC purchased a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 38,111 shares of the energy company's stock, valued at approximately $2,938,000. Janney Montgomery Scott LLC owned 0.07% of Core Natural Resources as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of Core Natural Resources by 4.0% during the 4th quarter. Rhumbline Advisers now owns 46,028 shares of the energy company's stock worth $6,500,000 after purchasing an additional 1,787 shares in the last quarter. Principal Financial Group Inc. raised its stake in Core Natural Resources by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company's stock worth $12,398,000 after buying an additional 2,581 shares during the period. CIBC Asset Management Inc acquired a new position in Core Natural Resources during the 4th quarter worth approximately $253,000. Illinois Municipal Retirement Fund boosted its holdings in Core Natural Resources by 2.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 10,680 shares of the energy company's stock worth $1,508,000 after acquiring an additional 249 shares in the last quarter. Finally, New York Life Investment Management LLC acquired a new stake in Core Natural Resources in the fourth quarter valued at approximately $3,991,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. B. Riley lowered their target price on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Benchmark decreased their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, UBS Group initiated coverage on shares of Core Natural Resources in a report on Wednesday, June 11th. They set a "buy" rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.80.

Core Natural Resources Stock Down 0.1%

Shares of NYSE:CNR traded down $0.09 during mid-day trading on Friday, hitting $68.06. 1,301,838 shares of the company traded hands, compared to its average volume of 852,990. The stock has a market cap of $3.58 billion, a P/E ratio of 14.06 and a beta of 0.69. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The stock has a 50-day moving average price of $71.22 and a two-hundred day moving average price of $91.41.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of $1.74 by ($3.12). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. On average, equities research analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.10 per share. This represents a dividend yield of 0.57%. The ex-dividend date was Friday, May 30th. Core Natural Resources's payout ratio is currently 8.26%.

Insider Buying and Selling

In related news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. This trade represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.41% of the stock is owned by corporate insiders.

About Core Natural Resources

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.