120,123 Shares in Core Natural Resources, Inc. $CNR Bought by Rhumbline Advisers

Key Points

• Rhumbline Advisers has acquired 120,123 shares of Core Natural Resources, Inc. valued at approximately $9.3 million, resulting in a 0.23% ownership stake.
• Major hedge funds have shown significant interest, with Vanguard Group Inc. investing around $482.8 million in new positions during the same period.
• Analysts maintain a "Moderate Buy" consensus rating for Core Natural Resources, with an average price target of $105.80, reflecting overall positive sentiment for the stock.

Rhumbline Advisers acquired a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 120,123 shares of the energy company's stock, valued at approximately $9,261,000. Rhumbline Advisers owned approximately 0.23% of Core Natural Resources at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in Core Natural Resources in the 1st quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in Core Natural Resources in the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC purchased a new stake in Core Natural Resources in the 1st quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at approximately $31,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group reiterated a "buy" rating and set a $86.00 price target (up from $78.00) on shares of Core Natural Resources in a research report on Friday, August 8th. Jefferies Financial Group reiterated a "hold" rating and set a $78.00 price target (up from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. Finally, B. Riley reduced their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.80.

Core Natural Resources Trading Up 0.7%

CNR stock traded up $0.54 during midday trading on Tuesday, hitting $77.31. The stock had a trading volume of 219,436 shares, compared to its average volume of 927,351. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The company's 50-day moving average price is $74.24 and its 200 day moving average price is $72.61. The firm has a market cap of $3.98 billion, a PE ratio of 35.46 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($2.01). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. On average, equities research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a dividend yield of 56.0%. Core Natural Resources's payout ratio is currently 18.35%.

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.