120,123 Shares in Core Natural Resources, Inc. (NYSE:CNR) Purchased by Rhumbline Advisers

Rhumbline Advisers acquired a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 120,123 shares of the energy company's stock, valued at approximately $9,261,000. Rhumbline Advisers owned about 0.22% of Core Natural Resources at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD bought a new position in Core Natural Resources during the fourth quarter valued at approximately $28,790,000. GAMMA Investing LLC bought a new position in Core Natural Resources during the first quarter valued at approximately $7,472,000. Hosking Partners LLP grew its holdings in shares of Core Natural Resources by 71.8% in the fourth quarter. Hosking Partners LLP now owns 76,361 shares of the energy company's stock worth $10,784,000 after purchasing an additional 31,910 shares during the last quarter. New York Life Investment Management LLC bought a new position in shares of Core Natural Resources in the fourth quarter worth approximately $3,991,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Core Natural Resources by 40.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company's stock worth $12,555,000 after purchasing an additional 25,306 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Core Natural Resources

In related news, Director Holly K. Koeppel sold 8,815 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the transaction, the director now owns 13,348 shares in the company, valued at $1,005,104.40. The trade was a 39.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.41% of the company's stock.

Analyst Ratings Changes

CNR has been the topic of several recent analyst reports. B. Riley cut their target price 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. UBS Group initiated coverage on shares of Core Natural Resources in a report on Wednesday. They issued a "buy" rating and a $80.00 target price on the stock. Finally, Benchmark cut their target price on shares of 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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.80.

Core Natural Resources Trading Up 3.5%

CNR stock traded up $2.48 on Friday, reaching $73.60. The company's stock had a trading volume of 1,423,864 shares, compared to its average volume of 1,002,603. The business has a fifty day simple moving average of $71.52 and a two-hundred day simple moving average of $98.34. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The firm has a market cap of $3.88 billion, a PE ratio of 7.66 and a beta of 0.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $964.15 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. As a group, research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a dividend of $0.10 per share. 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 is currently 8.26%.

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.