State of Alaska Department of Revenue Makes New Investment in Core Natural Resources, Inc. (NYSE:CNR)

State of Alaska Department of Revenue acquired a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,113 shares of the energy company's stock, valued at approximately $2,167,000. State of Alaska Department of Revenue owned 0.05% of Core Natural Resources as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CNR. Smartleaf Asset Management LLC increased its holdings in Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Core Natural Resources during the fourth quarter valued at about $26,000. Jones Financial Companies Lllp increased its holdings in shares of Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock worth $35,000 after purchasing an additional 170 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Core Natural Resources in the first quarter worth about $25,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Core Natural Resources in the first quarter worth about $30,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Insider Transactions at Core Natural Resources

In other news, Director Holly K. Koeppel sold 8,815 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the transaction, the director now owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. This represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.41% of the company's stock.

Core Natural Resources Trading Up 1.2%

CNR stock traded up $0.78 during midday trading on Thursday, reaching $67.96. 733,456 shares of the company traded hands, compared to its average volume of 844,441. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 14.04 and a beta of 0.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.89. The business has a 50 day moving average of $71.53 and a 200-day moving average of $93.03. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of $1.74 by ($3.12). The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations 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, sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Analyst Ratings Changes

CNR has been the subject of several research analyst reports. Benchmark cut their price target on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. B. Riley lowered their target price on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, UBS Group assumed coverage on shares of Core Natural Resources in a research report on Wednesday, June 11th. They issued a "buy" rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.80.

Core Natural Resources Company 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.