Samlyn Capital LLC Takes Position in Core Natural Resources, Inc. $CNR

Key Points

• Samlyn Capital LLC has invested approximately $28.30 million by purchasing 367,066 shares of Core Natural Resources, Inc. during the 1st quarter, representing about 0.69% of the company's stock.
• Core Natural Resources reported a loss of $0.70 per share for the quarter, significantly missing analysts' expectations of $1.31, despite revenues of $1.10 billion which exceeded estimates.
• The company declared a dividend of $0.10 per share, set to be paid on September 15th, with an ex-dividend date of August 29th, reflecting a yield of 56.0%.

Samlyn Capital LLC acquired a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 367,066 shares of the energy company's stock, valued at approximately $28,301,000. Samlyn Capital LLC owned about 0.69% of Core Natural Resources at the end of the most recent quarter.

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

Core Natural Resources Stock Down 0.7%

Core Natural Resources stock traded down $0.48 during midday trading on Tuesday, reaching $72.57. The stock had a trading volume of 436,882 shares, compared to its average volume of 658,229. The firm's fifty day simple moving average is $74.14 and its 200-day simple moving average is $72.65. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59. The stock has a market capitalization of $3.74 billion, a P/E ratio of 33.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. As a group, analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a $0.10 dividend. 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

CNR has been the subject of several research analyst reports. UBS Group reiterated a "buy" rating and issued a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a research report on Friday, August 8th. B. Riley cut their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group reissued a "hold" rating and set a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.