Rhumbline Advisers Purchases Shares of 120,123 Core Natural Resources, Inc. (NYSE:CNR)

Rhumbline Advisers purchased a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 120,123 shares of the energy company's stock, valued at approximately $9,261,000. Rhumbline Advisers owned approximately 0.22% of Core Natural Resources at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD bought a new position in shares of Core Natural Resources in the 4th quarter worth $28,790,000. GAMMA Investing LLC acquired a new position in Core Natural Resources during the first quarter valued at approximately $7,472,000. Principal Financial Group Inc. increased its stake in Core Natural Resources by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company's stock valued at $12,398,000 after purchasing an additional 2,581 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Core Natural Resources by 40.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company's stock valued at $12,555,000 after buying an additional 25,306 shares during the period. Finally, Hosking Partners LLP lifted its holdings in Core Natural Resources by 71.8% during the fourth quarter. Hosking Partners LLP now owns 76,361 shares of the energy company's stock worth $10,784,000 after acquiring an additional 31,910 shares in the last quarter. Institutional investors own 86.54% of the company's stock.

Core Natural Resources Price Performance

Shares of NYSE CNR traded down $0.88 during midday trading on Thursday, reaching $70.58. 169,288 shares of the company were exchanged, compared to its average volume of 991,095. The stock has a market cap of $3.72 billion, a P/E ratio of 7.34 and a beta of 0.69. Core Natural Resources, Inc. has a one year low of $58.19 and a one 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 stock's 50-day moving average price is $71.31 and its 200-day moving average price is $99.75.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings data 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). Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $964.15 million. On average, 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 business also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.10 dividend. This represents a yield of 0.57%. The ex-dividend date of this dividend is Friday, May 30th. Core Natural Resources's payout ratio is 8.26%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CNR shares. 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 research note on Friday, April 11th. UBS Group started coverage on Core Natural Resources in a report on Wednesday. They set a "buy" rating and a $80.00 price target for the company. Finally, Benchmark lowered 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.80.

Insider Buying and Selling at Core Natural Resources

In other news, Director Holly K. Koeppel sold 8,815 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was 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. This trade represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.41% of the company's stock.

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.