Skylands Capital LLC Invests $18.65 Million in Core Natural Resources, Inc. (NYSE:CNR)

Skylands Capital LLC purchased a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 241,934 shares of the energy company's stock, valued at approximately $18,653,000. Core Natural Resources accounts for about 2.7% of Skylands Capital LLC's investment portfolio, making the stock its 8th biggest position. Skylands Capital LLC owned about 0.45% of Core Natural Resources as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD acquired a new stake in shares of Core Natural Resources during the 4th quarter worth approximately $28,790,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter worth approximately $11,600,000. Rhumbline Advisers acquired a new stake in shares of Core Natural Resources during the 1st quarter worth approximately $9,261,000. GAMMA Investing LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter worth approximately $7,472,000. Finally, Moran Wealth Management LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter worth approximately $5,321,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Holly K. Koeppel sold 8,815 shares of the 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 completion of the transaction, the director now directly owns 13,348 shares of the company's stock, valued at $1,005,104.40. This represents a 39.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Benchmark dropped their price target on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. B. Riley dropped their price target on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, UBS Group started coverage on Core Natural Resources in a research report on Wednesday, June 11th. They set a "buy" rating and a $80.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Core Natural Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.80.

Core Natural Resources Stock Performance

Shares of CNR stock opened at $68.06 on Friday. 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 capitalization of $3.58 billion, a price-to-earnings ratio of 14.06 and a beta of 0.69. The business has a 50 day simple moving average of $71.22 and a 200 day simple moving average of $91.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34.

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 8.32% and a net margin of 4.29%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. On average, equities research analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.10 dividend. This represents a yield of 0.57%. The ex-dividend date was Friday, May 30th. Core Natural Resources's dividend payout ratio (DPR) is 8.26%.

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.

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