Public Employees Retirement System of Ohio Takes Position in Core Natural Resources, Inc. (NYSE:CNR)

Public Employees Retirement System of Ohio purchased a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,615 shares of the energy company's stock, valued at approximately $706,000.

A number of other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in Core Natural Resources during the fourth quarter valued at $26,000. Smartleaf Asset Management LLC grew 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 buying an additional 100 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Core Natural Resources by 226.7% during the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock worth $35,000 after acquiring an additional 170 shares during the last quarter. KBC Group NV boosted its holdings in Core Natural Resources by 42.0% during the 4th quarter. KBC Group NV now owns 808 shares of the energy company's stock valued at $114,000 after acquiring an additional 239 shares during the period. Finally, Captrust Financial Advisors bought a new position in Core Natural Resources in the 4th quarter valued at $241,000. Institutional investors own 86.54% of the company's stock.

Core Natural Resources Stock Up 1.8%

CNR stock traded up $1.22 during trading on Friday, hitting $67.22. 557,582 shares of the company's stock traded hands, compared to its average volume of 1,002,657. The firm has a market capitalization of $3.54 billion, a P/E ratio of 6.99 and a beta of 0.69. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $71.29 and a two-hundred day simple moving average of $101.88.

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 12.81% and a return on equity of 23.87%. Sell-side analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

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

Insider Activity

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares in the company, valued at $1,005,104.40. This trade represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. B. Riley lowered their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Benchmark reduced 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $131.00.

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.