241,934 Shares in Core Natural Resources, Inc. (NYSE:CNR) Acquired by Skylands Capital LLC

Skylands Capital LLC purchased a new position 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 institutional investor purchased 241,934 shares of the energy company's stock, valued at approximately $18,653,000. Core Natural Resources accounts for approximately 2.7% of Skylands Capital LLC's investment portfolio, making the stock its 8th largest position. Skylands Capital LLC owned 0.45% of Core Natural Resources as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD acquired a new position in Core Natural Resources in the 4th quarter worth $28,790,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Core Natural Resources during the first quarter worth about $11,600,000. Rhumbline Advisers acquired a new position in shares of Core Natural Resources in the first quarter worth about $9,261,000. GAMMA Investing LLC acquired a new stake in Core Natural Resources during the 1st quarter valued at approximately $7,472,000. Finally, Moran Wealth Management LLC purchased a new stake in 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.

Core Natural Resources Stock Performance

CNR stock traded up $7.86 during trading on Wednesday, hitting $73.13. 1,595,874 shares of the company's stock traded hands, compared to its average volume of 1,013,035. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 15.11 and a beta of 0.68. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The stock has a fifty day moving average price of $70.98 and a two-hundred day moving average price of $90.20. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.15 million. As a group, equities analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CNR shares. Benchmark decreased their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th. UBS Group started coverage on shares of Core Natural Resources in a report on Wednesday, June 11th. They set a "buy" rating and a $80.00 price objective for the company. Finally, B. Riley cut their target price 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $120.80.

About Core Natural Resources

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.