19,135 Shares in Core Natural Resources, Inc. $CNR Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC has acquired a new stake of 19,135 shares in Core Natural Resources, Inc., valued at approximately $1.475 million.
• Core Natural Resources reported earnings of ($0.70) per share, falling short of analysts' estimates, despite a revenue of $1.10 billion for the quarter.
• Analysts have a consensus rating of "Moderate Buy" on Core Natural Resources with an average target price of $105.80.

LPL Financial LLC bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,135 shares of the energy company's stock, valued at approximately $1,475,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in Core Natural Resources in the 1st quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new stake in Core Natural Resources during the first quarter worth approximately $29,000. Farther Finance Advisors LLC acquired a new stake in Core Natural Resources during the first quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new position in Core Natural Resources in the first quarter worth approximately $31,000. Finally, TruNorth Capital Management LLC bought a new position in Core Natural Resources in the first quarter worth approximately $33,000. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Trading Up 0.6%

NYSE:CNR traded up $0.46 during mid-day trading on Tuesday, reaching $73.33. 687,178 shares of the company's stock traded hands, compared to its average volume of 961,479. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 33.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25. The company has a 50 day moving average price of $73.45 and a 200-day moving average price of $73.24.

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

Core Natural Resources Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 56.0%. Core Natural Resources's dividend payout ratio is 18.35%.

Wall Street Analysts Forecast Growth

CNR has been the topic of a number of recent research reports. Jefferies Financial Group restated a "hold" rating and issued a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Benchmark decreased their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th. B. Riley decreased their target price 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. Finally, UBS Group reiterated a "buy" rating and issued a $86.00 price target (up from $78.00) on shares of Core Natural Resources in a research report on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Core Natural Resources has an average rating of "Moderate Buy" and an average price target of $105.80.

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.