15,200 Shares in Core Natural Resources, Inc. $CNR Bought by Strs Ohio

Key Points

• Strs Ohio invested approximately $1.17 million in Core Natural Resources, acquiring 15,200 shares, marking a significant entry into the energy sector.
• In the first quarter, several large institutional investors, including Vanguard Group and Dimensional Fund Advisors, also purchased new positions in Core Natural Resources, showing strong interest from hedge funds.
• Core Natural Resources recently announced a $0.10 dividend per share with a yield of 56.0%, reflecting a strong commitment to returning value to shareholders amid mixed earnings performance.

Strs Ohio purchased a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,200 shares of the energy company's stock, valued at approximately $1,172,000.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in Core Natural Resources in the 1st quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new position in Core Natural Resources during the 1st quarter valued at about $29,000. Farther Finance Advisors LLC purchased a new position in Core Natural Resources during the 1st quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new position in Core Natural Resources during the 1st quarter valued at about $31,000. Finally, TruNorth Capital Management LLC purchased a new position in Core Natural Resources during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on CNR shares. UBS Group raised their target price on shares of Core Natural Resources from $86.00 to $89.00 and gave the company a "buy" rating in a research report on Friday. B. Riley lowered 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 report on Tuesday, July 22nd. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $78.00 target price (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.40.

Core Natural Resources Stock Performance

CNR traded down $1.04 during trading on Friday, reaching $76.16. 1,123,762 shares of the company's stock were exchanged, compared to its average volume of 567,270. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25. The stock has a market capitalization of $3.92 billion, a P/E ratio of 34.94 and a beta of 0.76. The company's fifty day simple moving average is $74.66 and its 200-day simple moving average is $72.79.

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

Core Natural Resources Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a dividend of $0.10 per share. This represents a dividend yield of 56.0%. The ex-dividend date of this dividend was Friday, August 29th. Core Natural Resources's payout ratio is 18.35%.

Insider Buying and Selling

In related news, Director Patrick A. Kriegshauser sold 3,043 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total value of $234,524.01. Following the completion of the sale, the director owned 23,348 shares of the company's stock, valued at approximately $1,799,430.36. The trade was a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.02% of the company's stock.

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.