Moran Wealth Management LLC Invests $5.32 Million in Core Natural Resources, Inc. (NYSE:CNR)

Moran Wealth Management LLC acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 69,020 shares of the energy company's stock, valued at approximately $5,321,000. Moran Wealth Management LLC owned about 0.13% of Core Natural Resources at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Yousif Capital Management LLC bought a new position in shares of Core Natural Resources during the first quarter valued at approximately $1,419,000. Confluence Investment Management LLC bought a new position in shares of Core Natural Resources during the first quarter valued at approximately $682,000. Avior Wealth Management LLC bought a new position in shares of Core Natural Resources during the first quarter valued at approximately $306,000. State of Alaska Department of Revenue bought a new position in shares of Core Natural Resources during the first quarter valued at approximately $2,167,000. Finally, Ritholtz Wealth Management bought a new position in shares of Core Natural Resources during the first quarter valued at approximately $897,000. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Trading Down 0.1%

Shares of NYSE CNR traded down $0.09 during trading hours on Friday, reaching $68.06. The stock had a trading volume of 1,301,838 shares, compared to its average volume of 852,990. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 14.06 and a beta of 0.69. The business's fifty day moving average price is $71.37 and its two-hundred day moving average price is $92.44. 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 posted its earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $964.15 million. Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. Analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 13th. Shareholders 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 yield of 0.57%. Core Natural Resources's dividend payout ratio is currently 8.26%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNR. B. Riley cut their target price on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. 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, UBS Group assumed coverage on Core Natural Resources in a report on Wednesday, June 11th. They issued a "buy" rating and a $80.00 price target for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.80.

Insiders Place Their Bets

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares in the company, valued at $1,005,104.40. This represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.41% of the stock is owned by company insiders.

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.