19,890 Shares in Core Natural Resources, Inc. $CNR Bought by Mork Capital Management LLC

Key Points

• Mork Capital Management LLC invested approximately $1.53 million in Core Natural Resources, acquiring 19,890 shares, making it the 21st largest holding in their portfolio.
• Core Natural Resources reported a quarterly loss with earnings per share of ($0.70), missing analysts' estimates of $1.31, but generated $1.10 billion in revenue, surpassing expectations.
• The company declared a dividend of $0.10 per share, set to be paid on September 15th, which represents a high yield of 56.0%.

Mork Capital Management LLC purchased a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,890 shares of the energy company's stock, valued at approximately $1,534,000. Core Natural Resources accounts for 1.2% of Mork Capital Management LLC's investment portfolio, making the stock its 21st largest position.

A number of other large investors have also recently modified their holdings of CNR. Vanguard Group Inc. purchased a new stake in Core Natural Resources during the first quarter worth $482,793,000. Dimensional Fund Advisors LP purchased a new stake in Core Natural Resources during the first quarter worth $225,045,000. American Century Companies Inc. purchased a new stake in Core Natural Resources during the first quarter worth $123,526,000. Charles Schwab Investment Management Inc. purchased a new stake in Core Natural Resources during the first quarter worth $48,630,000. Finally, Victory Capital Management Inc. purchased a new stake in Core Natural Resources during the first quarter worth $42,950,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CNR shares. B. Riley decreased their price objective on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Jefferies Financial Group reiterated a "hold" rating and set a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Finally, UBS Group restated a "buy" rating and issued a $86.00 target price (up previously from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Core Natural Resources presently has an average rating of "Moderate Buy" and a consensus target price of $105.80.

Core Natural Resources Price Performance

CNR traded up $0.36 during trading on Thursday, reaching $72.96. The company's stock had a trading volume of 130,988 shares, compared to its average volume of 933,484. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 33.47 and a beta of 0.76. 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 fifty day simple moving average of $74.13 and a two-hundred day simple moving average of $72.65. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its 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 firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. As a group, analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a $0.10 dividend. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 56.0%. Core Natural Resources's payout ratio is 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.