Moran Wealth Management LLC Acquires New Shares in Core Natural Resources, Inc. (NYSE:CNR)

Moran Wealth Management LLC purchased a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in Core Natural Resources in the first quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in Core Natural Resources in the fourth quarter worth approximately $26,000. Farther Finance Advisors LLC purchased a new position in Core Natural Resources during the 1st quarter worth approximately $30,000. Smartleaf Asset Management LLC grew its position in Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Core Natural Resources during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Core Natural Resources Stock Down 0.1%

Shares of Core Natural Resources stock traded down $0.09 on Friday, hitting $68.06. 1,301,838 shares of the company traded hands, compared to its average volume of 886,619. The company has a 50-day moving average price of $71.22 and a 200 day moving average price of $90.96. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The company has a market cap of $3.58 billion, a PE ratio of 14.06 and a beta of 0.69.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS 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 company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $964.15 million. Sell-side analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The business also recently declared 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 0.57%. The ex-dividend date of this dividend was Friday, May 30th. Core Natural Resources's dividend payout ratio is currently 8.26%.

Insider Activity

In related news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. The trade was a 39.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CNR. B. Riley lowered their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Benchmark lowered their price objective on shares of 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. Finally, UBS Group began coverage on shares of Core Natural Resources in a research report on Wednesday, June 11th. They set a "buy" rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Core Natural Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.80.

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.