LSV Asset Management Purchases New Holdings in Core Natural Resources, Inc. (NYSE:CNR)

Key Points

• LSV Asset Management has invested approximately $14.71 million in Core Natural Resources, acquiring 190,724 shares during the first quarter.
• Core Natural Resources' stock increased by 2.2% to $78.22, but the company reported a loss with earnings per share of ($0.70), missing the consensus estimate of $1.31.
• Analysts have set a consensus target price of $104.20 for Core Natural Resources, with several firms issuing mixed ratings ranging from "hold" to "buy."

LSV Asset Management acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 190,724 shares of the energy company's stock, valued at approximately $14,705,000. LSV Asset Management owned 0.36% of Core Natural Resources as of its most recent SEC filing.

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

Core Natural Resources Stock Up 0.5%

Shares of NYSE:CNR traded up $0.40 during mid-day trading on Friday, reaching $76.33. 424,959 shares of the stock were exchanged, compared to its average volume of 976,233. The company has a quick ratio of 1.34, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.93 billion, a P/E ratio of 35.01 and a beta of 0.66. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59. The stock's 50 day simple moving average is $72.52 and its 200-day simple moving average is $78.52.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. As a group, equities research analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on CNR shares. Jefferies Financial Group restated a "hold" rating and issued a $78.00 price target (up from $67.00) on shares of Core Natural Resources in a report on Tuesday. UBS Group increased their price target on Core Natural Resources from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Friday. Benchmark lowered their price target on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, B. Riley lowered their price target on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.