Moran Wealth Management LLC Sells 50,591 Shares of Core Natural Resources, Inc. $CNR

Key Points

• Moran Wealth Management LLC reduced its holdings in Core Natural Resources, Inc. by 73.3%, selling 50,591 shares and leaving them with just 18,429 shares, valued at approximately $1,285,000.
• Core Natural Resources has received mixed ratings from analysts, with target prices ranging from $89.00 to $125.00, and a general consensus rating of "Moderate Buy."
• Insider trading activity includes CAO John Rothka and Director Richard A. Navarre selling shares, which indicates a notable decrease in their respective ownership in the company.

Moran Wealth Management LLC decreased its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 73.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,429 shares of the energy company's stock after selling 50,591 shares during the quarter. Moran Wealth Management LLC's holdings in Core Natural Resources were worth $1,285,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its position in Core Natural Resources by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company's stock worth $554,000 after buying an additional 190 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Core Natural Resources by 4.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,597 shares of the energy company's stock valued at $321,000 after acquiring an additional 214 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Core Natural Resources during the first quarter worth $29,000. Farther Finance Advisors LLC bought a new stake in shares of Core Natural Resources in the first quarter worth $30,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Core Natural Resources in the first quarter worth $33,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNR has been the subject of several analyst reports. B. Riley lowered 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. UBS Group raised their price objective on Core Natural Resources from $89.00 to $105.50 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Core Natural Resources in a research note on Wednesday, October 8th. Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and increased their target price for the company from $90.00 to $125.00 in a research report on Friday, October 10th. Finally, Zacks Research upgraded shares of Core Natural Resources from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $119.10.

Insider Buying and Selling at Core Natural Resources

In other news, CAO John Rothka sold 1,000 shares of the company's stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the chief accounting officer owned 10,307 shares in the company, valued at approximately $979,165. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard A. Navarre sold 5,000 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the transaction, the director directly owned 21,830 shares in the company, valued at $1,794,426. This trade represents a 18.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,043 shares of company stock valued at $740,524. Corporate insiders own 1.41% of the company's stock.

Core Natural Resources Trading Down 8.6%

NYSE CNR opened at $91.34 on Thursday. The stock has a market capitalization of $4.70 billion, a P/E ratio of 41.90 and a beta of 0.70. The business has a 50 day simple moving average of $79.00 and a 200 day simple moving average of $74.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). The business 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%. Research analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a $0.10 dividend. This represents a yield of 56.0%. The ex-dividend date was Friday, August 29th. Core Natural Resources's dividend payout ratio (DPR) is presently 18.35%.

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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