Tejara Capital Ltd Buys Shares of 82,317 Core Natural Resources, Inc. $CNR

Key Points

• Tejara Capital Ltd invested approximately $6.35 million in Core Natural Resources, acquiring 82,317 shares, making it the firm's 7th largest position at 2.4% of its investment portfolio.
• Several institutional investors have also entered positions in Core Natural Resources, with Dimensional Fund Advisors LP investing over $225 million during the first quarter.
• Analysts have a consensus rating of "Moderate Buy" for Core Natural Resources, with varying price targets between $78.00 and $110.00.

Tejara Capital Ltd purchased a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 82,317 shares of the energy company's stock, valued at approximately $6,347,000. Core Natural Resources makes up approximately 2.4% of Tejara Capital Ltd's investment portfolio, making the stock its 7th biggest position. Tejara Capital Ltd owned 0.15% of Core Natural Resources as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in Core Natural Resources during the first quarter valued at approximately $482,793,000. Dimensional Fund Advisors LP bought a new stake in shares of Core Natural Resources during the 1st quarter valued at $225,045,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Core Natural Resources during the 1st quarter valued at $48,630,000. Victory Capital Management Inc. bought a new stake in shares of Core Natural Resources during the 1st quarter valued at $42,950,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Core Natural Resources during the 1st quarter valued at $30,034,000. 86.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

CNR has been the topic of several research analyst reports. B. Riley lowered their price objective on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Benchmark lowered their price target on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Jefferies Financial Group reissued a "hold" rating and issued a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Finally, UBS Group reissued a "buy" rating and issued a $86.00 target price (up previously from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.80.

Core Natural Resources Trading Down 0.5%

CNR stock traded down $0.38 during midday trading on Wednesday, reaching $69.46. The company's stock had a trading volume of 705,537 shares, compared to its average volume of 822,683. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 31.86 and a beta of 0.66. The stock has a fifty day simple moving average of $73.51 and a two-hundred day simple moving average of $74.70. 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 quick ratio of 1.25 and a current ratio of 1.78.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). The business 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%. On average, equities research analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 57.0%. Core Natural Resources's dividend payout ratio (DPR) is currently 18.35%.

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.