6,261,908 Shares in Core Natural Resources, Inc. $CNR Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. acquired 6,261,908 shares of Core Natural Resources, Inc. (NYSE:CNR) during the first quarter, representing approximately 11.72% of the company's total shares.
• Core Natural Resources reported a loss of ($0.70) earnings per share for its recent quarter, missing estimates, despite revenue of $1.10 billion beating expectations.
• Multiple analysts have assigned a consensus target price of $105.80 with varying ratings, indicating a general belief in the stock's potential for recovery.

Vanguard Group Inc. bought a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,261,908 shares of the energy company's stock, valued at approximately $482,793,000. Vanguard Group Inc. owned 11.72% of Core Natural Resources as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CNR. Victory Capital Management Inc. acquired a new stake in Core Natural Resources during the 1st quarter worth $42,950,000. Bank of New York Mellon Corp bought a new stake in shares of Core Natural Resources in the first quarter worth about $30,034,000. Pacer Advisors Inc. acquired a new stake in shares of Core Natural Resources during the first quarter worth about $23,003,000. Magnolia Group LLC bought a new position in shares of Core Natural Resources during the 1st quarter valued at about $22,899,000. Finally, Goehring & Rozencwajg Associates LLC bought a new position in shares of Core Natural Resources during the 1st quarter valued at about $20,729,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on CNR. UBS Group reissued a "buy" rating and set a $86.00 target price (up from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. B. Riley lowered their price objective on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Jefferies Financial Group restated a "hold" rating and set a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Finally, Benchmark reduced 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 note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.80.

Core Natural Resources Stock Down 0.0%

NYSE:CNR traded down $0.03 during trading hours on Monday, reaching $70.97. 532,104 shares of the stock were exchanged, compared to its average volume of 971,243. The stock has a market cap of $3.65 billion, a PE ratio of 32.56 and a beta of 0.66. 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 firm has a 50 day moving average of $73.43 and a 200 day moving average of $75.22. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly 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 the consensus estimate 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 expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a $0.10 dividend. This represents a yield of 57.0%. The ex-dividend date was Friday, May 30th. Core Natural Resources's dividend payout ratio 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.