Linden Thomas Advisory Services LLC Invests $2.54 Million in Core Natural Resources, Inc. (NYSE:CNR)

Linden Thomas Advisory Services LLC purchased 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 filing with the Securities and Exchange Commission. The firm purchased 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 reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of Core Natural Resources during the 1st quarter worth $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of Core Natural Resources during the 4th quarter valued at about $26,000. Farther Finance Advisors LLC purchased a new position in shares of Core Natural Resources during the 1st quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new position in shares of Core Natural Resources during the 1st quarter valued at about $31,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CNR. B. Riley lowered their price objective 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 lowered their target price on shares of 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. Finally, UBS Group lowered their target price on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Core Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of $120.40.

Core Natural Resources Price Performance

CNR stock traded up $3.31 during mid-day trading on Thursday, hitting $72.39. The company had a trading volume of 768,916 shares, compared to its average volume of 924,994. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 14.96 and a beta of 0.68. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. 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 company has a 50-day moving average price of $70.64 and a 200 day moving average price of $87.50.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing the consensus estimate of $1.74 by ($3.12). The company had revenue of $1.02 billion during 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, research analysts anticipate 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 disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources's dividend payout ratio (DPR) is 8.26%.

Core Natural Resources Company 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.