Nuveen LLC Acquires Shares of 136,249 Core Natural Resources, Inc. $CNR

Key Points

• Nuveen LLC purchased a new stake in Core Natural Resources, buying 136,249 shares valued at approximately $10.5 million during the first quarter.
• Core Natural Resources reported a loss per share of ($0.70) for the last quarter, missing analysts' expectations significantly, though its revenue of $1.10 billion exceeded predictions.
• The company declared a dividend of $0.10 per share, with a substantial dividend yield of 56.0%, to be paid on September 15th to shareholders on record as of September 1st.

Nuveen LLC bought a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 136,249 shares of the energy company's stock, valued at approximately $10,505,000. Nuveen LLC owned about 0.25% of Core Natural Resources at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new stake in shares of Core Natural Resources during the first quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new position in Core Natural Resources in the first quarter valued at approximately $29,000. Farther Finance Advisors LLC acquired a new position in Core Natural Resources in the first quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new position in Core Natural Resources in the first quarter valued at approximately $31,000. Finally, TruNorth Capital Management LLC acquired a new position in Core Natural Resources in the first quarter valued at approximately $33,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Performance

Shares of Core Natural Resources stock traded up $0.46 during trading on Tuesday, reaching $73.33. The company's stock had a trading volume of 687,178 shares, compared to its average volume of 961,479. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. The business's fifty day moving average price is $73.45 and its 200-day moving average price is $73.24. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 33.64 and a beta of 0.66. 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 released its earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. As a group, equities research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.10 per share. This represents a yield of 56.0%. The ex-dividend date of this dividend is Friday, August 29th. Core Natural Resources's payout ratio is presently 18.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CNR shares. UBS Group reiterated a "buy" rating and set a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a research report on Friday, August 8th. Jefferies Financial Group reissued a "hold" rating and set a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. B. Riley reduced their price objective on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Finally, Benchmark decreased their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Core Natural Resources presently has an average rating of "Moderate Buy" and an average target price of $105.80.

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.