Linden Thomas Advisory Services LLC Buys New Position in Core Natural Resources, Inc. (NYSE:CNR)

Linden Thomas Advisory Services LLC bought a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 32,955 shares of the energy company's stock, valued at approximately $2,541,000. Linden Thomas Advisory Services LLC owned about 0.06% of Core Natural Resources at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CNR. Hourglass Capital LLC acquired a new stake in Core Natural Resources during the 1st quarter valued at approximately $6,714,000. Envestnet Asset Management Inc. purchased a new stake in Core Natural Resources in the 1st quarter worth $16,650,000. Bank of New York Mellon Corp purchased a new stake in Core Natural Resources in the 1st quarter worth $30,034,000. Calamos Advisors LLC purchased a new stake in shares of Core Natural Resources during the first quarter worth $7,382,000. Finally, Goehring & Rozencwajg Associates LLC purchased a new stake in shares of Core Natural Resources during the first quarter worth $20,729,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Core Natural Resources Trading Down 0.5%

CNR stock traded down $0.33 during mid-day trading on Wednesday, hitting $69.14. 497,835 shares of the company were exchanged, compared to its average volume of 1,002,553. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $3.64 billion, a P/E ratio of 14.29 and a beta of 0.68. The business has a fifty day simple moving average of $70.70 and a 200-day simple moving average of $87.62. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results 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 analysts' expectations of $964.15 million. Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. On average, equities research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently announced 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. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources's dividend payout ratio (DPR) is presently 8.26%.

Analyst Upgrades and Downgrades

CNR has been the subject of a number of analyst reports. Benchmark dropped their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. B. Riley dropped their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, UBS Group dropped their price objective on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.40.

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.