Louisiana State Employees Retirement System Invests $1.84 Million in Core Natural Resources, Inc. (NYSE:CNR)

Louisiana State Employees Retirement System bought a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,900 shares of the energy company's stock, valued at approximately $1,843,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in Core Natural Resources in the 1st quarter valued at $20,894,000. Amalgamated Bank bought a new stake in shares of Core Natural Resources in the first quarter valued at about $1,120,000. Yousif Capital Management LLC acquired a new position in shares of Core Natural Resources in the first quarter valued at about $1,419,000. Allspring Global Investments Holdings LLC bought a new position in Core Natural Resources during the first quarter worth about $11,600,000. Finally, State of Alaska Department of Revenue bought a new position in Core Natural Resources during the first quarter worth about $2,167,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Core Natural Resources Price Performance

CNR stock traded up $1.36 during mid-day trading on Friday, hitting $76.70. The stock had a trading volume of 1,085,725 shares, compared to its average volume of 923,944. The firm has a fifty day simple moving average of $70.95 and a 200 day simple moving average of $84.40. The firm has a market capitalization of $4.04 billion, a P/E ratio of 15.85 and a beta of 0.68. 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 52 week low of $58.19 and a 52 week high of $134.59.

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

Core Natural Resources Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a $0.10 dividend. This represents a yield of 0.57%. The ex-dividend date was Friday, May 30th. Core Natural Resources's dividend payout ratio (DPR) is presently 8.26%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNR. UBS Group decreased 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 report on Thursday, July 3rd. B. Riley cut their price target on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Benchmark reduced their price target on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Core Natural Resources has a consensus rating of "Moderate Buy" and an average target price of $120.40.

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.