State of Alaska Department of Revenue Invests $2.17 Million in Core Natural Resources, Inc. (NYSE:CNR)

State of Alaska Department of Revenue bought a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,113 shares of the energy company's stock, valued at approximately $2,167,000. State of Alaska Department of Revenue owned approximately 0.05% of Core Natural Resources at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC purchased a new position in shares of Core Natural Resources in the first quarter worth approximately $1,419,000. Confluence Investment Management LLC acquired a new stake in shares of Core Natural Resources during the first quarter worth approximately $682,000. Ritholtz Wealth Management acquired a new stake in shares of Core Natural Resources during the first quarter worth approximately $897,000. New York Life Investment Management LLC acquired a new stake in shares of Core Natural Resources during the fourth quarter worth approximately $3,991,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Core Natural Resources during the first quarter worth approximately $7,472,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Price Performance

NYSE CNR opened at $69.82 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $3.68 billion, a PE ratio of 14.43 and a beta of 0.69. The company has a 50 day moving average price of $71.83 and a two-hundred day moving average price of $93.99. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its earnings results 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). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. As a group, equities analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Insider Buying and Selling at Core Natural Resources

In other news, Director Holly K. Koeppel sold 8,815 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares in the company, valued at approximately $1,005,104.40. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CNR. B. Riley decreased their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a report on Friday, April 11th. 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 report on Friday, May 9th. Finally, UBS Group began coverage on shares of Core Natural Resources in a report on Wednesday, June 11th. They set a "buy" rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.

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