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

Oregon Public Employees Retirement Fund bought a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,575 shares of the energy company's stock, valued at approximately $892,000.

Several other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc purchased a new position in Core Natural Resources in the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Core Natural Resources during the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC purchased a new stake in shares of Core Natural Resources during the first quarter valued at approximately $30,000. Whipplewood Advisors LLC purchased a new stake in shares of Core Natural Resources during the first quarter valued at approximately $31,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after purchasing an additional 100 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Performance

Shares of NYSE CNR traded down $1.40 during midday trading on Tuesday, reaching $69.35. 677,312 shares of the company traded hands, compared to its average volume of 1,006,495. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The stock has a 50-day moving average price of $70.81 and a 200 day moving average price of $87.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 14.33 and a beta of 0.68.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued 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 return on equity of 8.32% and a net margin of 4.29%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. Sell-side analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Analyst Ratings Changes

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

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.