Maryland State Retirement & Pension System Purchases New Shares in Core Natural Resources, Inc. (NYSE:CNR)

Maryland State Retirement & Pension System purchased a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,787 shares of the energy company's stock, valued at approximately $1,140,000.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Core Natural Resources during the 1st quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Core Natural Resources during the 1st quarter valued at about $29,000. Farther Finance Advisors LLC bought a new stake in shares of Core Natural Resources during the 1st quarter valued at about $30,000. Whipplewood Advisors LLC bought a new stake in shares of Core Natural Resources during the 1st quarter valued at about $31,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Core Natural Resources during the 1st quarter valued at approximately $33,000. 86.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CNR shares. Jefferies Financial Group reiterated a "hold" rating and set a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. B. Riley cut their price objective on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Benchmark cut their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, UBS Group reiterated a "buy" rating and set a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Core Natural Resources presently has an average rating of "Moderate Buy" and an average target price of $105.80.

Core Natural Resources Price Performance

CNR stock traded down $1.20 during midday trading on Friday, hitting $73.57. The company's stock had a trading volume of 103,593 shares, compared to its average volume of 966,090. 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 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 33.75 and a beta of 0.66. The company has a 50 day moving average of $73.35 and a two-hundred day moving average of $76.48.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). The business had revenue of $1.10 billion during 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%. On average, analysts expect 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. Stockholders of record on Monday, June 2nd were issued a dividend of $0.10 per share. This represents a dividend yield of 57.0%. The ex-dividend date of this dividend was Friday, May 30th. Core Natural Resources's dividend payout ratio is 18.35%.

Core Natural Resources 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.