Victory Capital Management Inc. Invests $42.95 Million in Core Natural Resources, Inc. (NYSE:CNR)

Victory Capital Management Inc. bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 557,063 shares of the energy company's stock, valued at approximately $42,950,000. Victory Capital Management Inc. owned 1.04% of Core Natural Resources at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Core Natural Resources in the first quarter worth about $30,034,000. Magnolia Group LLC acquired a new position in shares of Core Natural Resources in the first quarter worth about $22,899,000. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Core Natural Resources in the first quarter worth about $20,729,000. Principal Financial Group Inc. acquired a new position in shares of Core Natural Resources in the first quarter worth about $20,894,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Core Natural Resources during the 4th quarter worth about $28,790,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on CNR. B. Riley cut their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a report on Friday, April 11th. Benchmark dropped their price target 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. Finally, UBS Group dropped their price target on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $120.40.

Core Natural Resources Stock Performance

NYSE:CNR traded up $0.68 during mid-day trading on Monday, hitting $77.32. The stock had a trading volume of 923,606 shares, compared to its average volume of 991,104. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 15.98 and a beta of 0.68. The company has a 50 day simple moving average of $70.95 and a 200-day simple moving average of $83.60. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The company has a current ratio of 1.89, a quick ratio of 1.34 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) EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. On average, research analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources's dividend payout ratio (DPR) is currently 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.