Russell Investments Group Ltd. Makes New Investment in Core Natural Resources, Inc. $CNR

Key Points

• Russell Investments Group Ltd. has acquired a new position in Core Natural Resources, purchasing 15,558 shares valued at approximately $1.2 million.
• The company recently announced a $0.10 dividend to be paid on September 15th, representing a significant yield of 56.0%.
• Wall Street analysts have given Core Natural Resources a consensus rating of "Moderate Buy", with an average price target of $105.80.

Russell Investments Group Ltd. purchased a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,558 shares of the energy company's stock, valued at approximately $1,199,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNR. Versant Capital Management Inc acquired a new stake in shares of Core Natural Resources in the 1st quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Core Natural Resources during the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC bought a new position in shares of Core Natural Resources during the 1st quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new position in shares of Core Natural Resources during the 1st quarter valued at approximately $31,000. Finally, TruNorth Capital Management LLC bought a new position in Core Natural Resources in the 1st quarter worth approximately $33,000. Institutional investors own 86.54% of the company's stock.

Core Natural Resources Price Performance

NYSE:CNR traded up $1.55 during trading hours on Friday, hitting $74.39. The stock had a trading volume of 643,849 shares, compared to its average volume of 746,274. The company has a 50 day simple moving average of $73.46 and a two-hundred day simple moving average of $72.91. 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, Inc. has a one year low of $58.19 and a one year high of $134.59. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 17.64 and a beta of 0.76.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. Research analysts forecast 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 will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 56.0%. Core Natural Resources's dividend payout ratio (DPR) is 18.35%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. B. Riley cut their price objective on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Jefferies Financial Group reaffirmed a "hold" rating and issued a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Benchmark cut their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, UBS Group reaffirmed a "buy" rating and issued a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Core Natural Resources presently has an average rating of "Moderate Buy" and a consensus target price of $105.80.

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.