Magnolia Group LLC Acquires Shares of 297,000 Core Natural Resources, Inc. (NYSE:CNR)

Magnolia Group LLC acquired a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 297,000 shares of the energy company's stock, valued at approximately $22,899,000. Core Natural Resources accounts for approximately 3.9% of Magnolia Group LLC's investment portfolio, making the stock its 7th biggest position. Magnolia Group LLC owned 0.56% of Core Natural Resources as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CNR. Jones Financial Companies Lllp lifted its position in shares of Core Natural Resources by 226.7% during the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after buying an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Core Natural Resources during the 4th quarter valued at $26,000. Great Lakes Advisors LLC purchased a new position in shares of Core Natural Resources during the 4th quarter valued at $1,684,000. Advisory Services Network LLC purchased a new position in shares of Core Natural Resources during the 4th quarter valued at $756,000. Finally, Marshall Wace LLP purchased a new position in shares of Core Natural Resources during the 4th quarter valued at $884,000. Institutional investors own 86.54% of the company's stock.

Wall Street Analysts Forecast Growth

CNR has been the topic of a number of recent research reports. Benchmark dropped 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. B. Riley dropped their price objective on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, UBS Group dropped their price objective on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $120.40.

Core Natural Resources Stock Performance

Shares of CNR opened at $75.67 on Friday. The stock's 50-day simple moving average is $70.69 and its 200 day simple moving average is $86.25. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.63 and a beta of 0.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.89. 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 released its quarterly 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). Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $964.15 million. Research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources's payout ratio is currently 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.

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