Vident Advisory LLC Buys Shares of 103,595 Core Natural Resources, Inc. $CNR

Key Points

• Vident Advisory LLC invested approximately $7.99 million in Core Natural Resources, purchasing 103,595 shares and owning 0.19% of the company.
• Core Natural Resources reported a loss of $0.70 earnings per share for the last quarter, significantly missing analysts' expectations of $1.31, despite generating revenues of $1.10 billion.
• The company recently declared a $0.10 per share dividend, set to be paid on September 15th, with a dividend yield of 56.0% and a payout ratio of 18.35%.

Vident Advisory LLC acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 103,595 shares of the energy company's stock, valued at approximately $7,987,000. Vident Advisory LLC owned about 0.19% of Core Natural Resources as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in shares of Core Natural Resources during the first quarter worth approximately $20,894,000. Amalgamated Bank bought a new position in shares of Core Natural Resources during the first quarter worth approximately $1,120,000. Vanguard Group Inc. bought a new position in shares of Core Natural Resources during the first quarter worth approximately $482,793,000. Yousif Capital Management LLC bought a new position in shares of Core Natural Resources during the first quarter worth approximately $1,419,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Core Natural Resources in the first quarter valued at approximately $11,600,000. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Stock Up 0.3%

CNR traded up $0.22 during midday trading on Thursday, hitting $71.50. The company had a trading volume of 144,209 shares, compared to its average volume of 945,957. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 32.80 and a beta of 0.76. The stock's 50 day moving average price is $73.71 and its 200 day moving average price is $72.86.

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

Core Natural Resources Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a $0.10 dividend. This represents a yield of 56.0%. The ex-dividend date of this dividend is Friday, August 29th. Core Natural Resources's dividend payout ratio is presently 18.35%.

Analyst Ratings Changes

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

Core Natural Resources 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.