Trexquant Investment LP Buys New Stake in Core Natural Resources, Inc. $CNR

Key Points

• Trexquant Investment LP acquired 45,655 shares of Core Natural Resources, Inc. valued at approximately $3.52 million, representing about 0.09% of the company's stock.
• Core Natural Resources reported a quarterly loss with EPS of ($0.70), falling short of the consensus estimate of $1.31, while also achieving revenues of $1.10 billion, exceeding expectations.
• The company recently announced a dividend of $0.10 per share, resulting in a 56.0% dividend yield, with a payout ratio of 18.35%.

Trexquant Investment LP acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 45,655 shares of the energy company's stock, valued at approximately $3,520,000. Trexquant Investment LP owned 0.09% of Core Natural Resources at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CNR. Versant Capital Management Inc purchased a new position in Core Natural Resources in the first quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in Core Natural Resources in the first quarter valued at $29,000. Farther Finance Advisors LLC purchased a new position in Core Natural Resources in the first quarter valued at $30,000. Whipplewood Advisors LLC purchased a new position in Core Natural Resources in the first quarter valued at $31,000. Finally, TruNorth Capital Management LLC acquired a new position in Core Natural Resources in the first quarter valued at $33,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group reiterated a "buy" rating and set a $86.00 target price (up previously from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. B. Riley decreased their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Core Natural Resources has an average rating of "Moderate Buy" and a consensus price target of $105.80.

Core Natural Resources Price Performance

Core Natural Resources stock traded down $2.24 during mid-day trading on Monday, reaching $73.31. The company had a trading volume of 80,554 shares, compared to its average volume of 941,570. The stock's 50-day simple moving average is $73.92 and its 200-day simple moving average is $72.68. The company has a market capitalization of $3.77 billion, a P/E ratio of 33.63 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59.

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

Core Natural Resources Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a $0.10 dividend. This represents a dividend yield of 56.0%. The ex-dividend date is Friday, August 29th. Core Natural Resources's dividend payout ratio (DPR) is 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.