Teacher Retirement System of Texas Invests $602,000 in Core Natural Resources, Inc. (NYSE:CNR)

Teacher Retirement System of Texas purchased a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,807 shares of the energy company's stock, valued at approximately $602,000.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD acquired a new stake in shares of Core Natural Resources during the fourth quarter worth approximately $28,790,000. Skylands Capital LLC purchased a new stake in shares of Core Natural Resources during the 1st quarter worth about $18,653,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at about $11,600,000. Rhumbline Advisers bought a new stake in shares of Core Natural Resources in the 1st quarter valued at approximately $9,261,000. Finally, GAMMA Investing LLC acquired a new position in Core Natural Resources in the first quarter worth approximately $7,472,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on CNR shares. Benchmark decreased their target price 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 cut their price objective on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. Finally, B. Riley decreased 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $120.40.

Core Natural Resources Stock Performance

NYSE CNR traded up $2.81 during trading on Thursday, hitting $75.32. The company's stock had a trading volume of 281,404 shares, compared to its average volume of 987,010. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The firm has a market cap of $3.97 billion, a P/E ratio of 15.56 and a beta of 0.68. The firm has a 50 day moving average price of $70.60 and a 200 day moving average price of $85.30. 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 released its earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share 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 firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $964.15 million. Equities research analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

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

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.