NewEdge Advisors LLC Has $3.41 Million Stock Holdings in Core Natural Resources, Inc. $CNR

Key Points

• NewEdge Advisors more than doubled its Core Natural Resources stake to 32,523 shares worth approximately $3.41 million, while institutional investors collectively own 86.54% of the company.
• Core Natural Resources reported quarterly EPS of $2.51, exceeding analyst estimates of $0.60, and revenue of $1.14 billion versus expectations of $1.11 billion.
• The company declared a quarterly dividend of $0.10 per share, or $0.40 annualized, representing a 0.4% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $112.50.

NewEdge Advisors LLC raised its stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 112.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,523 shares of the energy company's stock after purchasing an additional 17,203 shares during the quarter. NewEdge Advisors LLC owned approximately 0.06% of Core Natural Resources worth $3,406,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CNR. Royal Bank of Canada acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at approximately $2,037,000. AQR Capital Management LLC acquired a new position in Core Natural Resources during the first quarter worth $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Core Natural Resources during the first quarter worth $2,413,000. United Services Automobile Association bought a new stake in Core Natural Resources during the first quarter worth $256,000. Finally, Empowered Funds LLC bought a new stake in Core Natural Resources during the first quarter worth $2,387,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Core Natural Resources Stock Up 1.1%

CNR opened at $94.76 on Thursday. The stock has a fifty day moving average of $84.84 and a 200-day moving average of $89.73. The company has a market capitalization of $4.70 billion, a P/E ratio of 47.62 and a beta of 0.14. Core Natural Resources, Inc. has a fifty-two week low of $68.78 and a fifty-two week high of $114.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.83.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $1.91. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts expect that Core Natural Resources, Inc. will post 2.96 EPS for the current year.

Core Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, August 31st. Core Natural Resources's dividend payout ratio is presently 20.10%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CNR shares. Zacks Research raised shares of Core Natural Resources from a "strong sell" rating to a "hold" rating in a research report on Wednesday, June 24th. Weiss Ratings raised shares of Core Natural Resources from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday. UBS Group cut their target price on shares of Core Natural Resources from $107.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. B. Riley Financial reiterated a "buy" rating on shares of Core Natural Resources in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded Core Natural Resources from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Core Natural Resources has an average rating of "Moderate Buy" and an average price target of $112.50.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.

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