4,332 Shares in Core Natural Resources, Inc. (NYSE:CNR) Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. has acquired a new position in Core Natural Resources, Inc., purchasing 4,332 shares valued at approximately $334,000 in the first quarter.
• The company reported a loss of ($0.70) EPS for the last quarter, significantly missing analyst estimates of $1.31, despite a revenue of $1.10 billion.
• Core Natural Resources has a current dividend payout of $0.10, reflecting a high dividend yield of 57.0%, though the company has recently reduced its dividend.

Jefferies Financial Group Inc. bought a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,332 shares of the energy company's stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNR. Versant Capital Management Inc bought a new position in shares of Core Natural Resources in the first quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Core Natural Resources during the 1st quarter worth about $29,000. Farther Finance Advisors LLC acquired a new position in shares of Core Natural Resources during the 1st quarter worth about $30,000. Whipplewood Advisors LLC acquired a new position in shares of Core Natural Resources in the 1st quarter valued at approximately $31,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Core Natural Resources in the 1st quarter valued at approximately $33,000. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Price Performance

Shares of CNR stock traded up $0.21 on Friday, hitting $76.14. 747,755 shares of the company's stock were exchanged, compared to its average volume of 845,461. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.34. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $134.59. The stock has a market cap of $3.92 billion, a P/E ratio of 34.93 and a beta of 0.66. The company has a 50 day moving average of $72.66 and a 200 day moving average of $77.73.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing the consensus estimate of $1.31 by ($2.01). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. On average, equities research analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a dividend of $0.10 per share. This represents a dividend yield of 57.0%. The ex-dividend date was Friday, May 30th. Core Natural Resources's dividend payout ratio (DPR) is 18.35%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNR. B. Riley decreased their price objective on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Benchmark dropped their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Finally, UBS Group increased their target price on Core Natural Resources from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Friday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Core Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of $105.80.

Core Natural Resources Profile

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.