270,998 Shares in Core Natural Resources, Inc. (NYSE:CNR) Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. purchased a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 270,998 shares of the energy company's stock, valued at approximately $20,894,000. Principal Financial Group Inc. owned about 0.51% of Core Natural Resources at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake 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 buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Core Natural Resources during the fourth quarter valued at $26,000. Jones Financial Companies Lllp lifted its position in Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after purchasing an additional 170 shares in the last quarter. Versant Capital Management Inc purchased a new position in Core Natural Resources during the first quarter valued at $25,000. Finally, Farther Finance Advisors LLC purchased a new position in Core Natural Resources during the first quarter valued at $30,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CNR shares. B. Riley lowered their target price on 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. Benchmark lowered their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, UBS Group lowered their price objective on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $120.40.

Core Natural Resources Price Performance

Shares of CNR stock traded up $3.28 during trading hours on Friday, hitting $75.67. The stock had a trading volume of 790,821 shares, compared to its average volume of 912,678. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59. 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 stock's 50-day moving average price is $70.69 and its two-hundred day moving average price is $86.25. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.63 and a beta of 0.68.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share (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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. Equities analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

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

Core Natural Resources 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.