Oregon Public Employees Retirement Fund Makes New $892,000 Investment in Core Natural Resources, Inc. (NYSE:CNR)

Oregon Public Employees Retirement Fund bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,575 shares of the energy company's stock, valued at approximately $892,000.

A number of other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Core Natural Resources during the first quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new position in Core Natural Resources in the fourth quarter worth about $26,000. Farther Finance Advisors LLC bought a new stake in Core Natural Resources during the first quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new stake in shares of Core Natural Resources in the 1st quarter valued at approximately $31,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Core Natural Resources by 82.0% in 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 during the period. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Stock Up 4.8%

Shares of NYSE CNR traded up $3.31 during midday trading on Thursday, reaching $72.39. 768,803 shares of the company's stock traded hands, compared to its average volume of 1,000,933. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 14.96 and a beta of 0.68. The stock's 50 day simple moving average is $70.64 and its 200-day simple moving average is $87.50. 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 one year low of $58.19 and a one year high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. On average, analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a $0.10 dividend. This represents a yield of 0.57%. The ex-dividend date was Friday, May 30th. Core Natural Resources's dividend payout ratio is currently 8.26%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group dropped their price objective on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd. B. Riley cut their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Benchmark decreased their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Core Natural Resources currently has a consensus rating of "Moderate Buy" and an average price target of $120.40.

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.