Voya Investment Management LLC Buys New Stake in Core Natural Resources, Inc. $CNR

Voya Investment Management 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 Form 13F filing with the SEC. The firm acquired 14,121 shares of the energy company's stock, valued at approximately $1,089,000.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. bought a new stake in shares of Core Natural Resources during the 1st quarter worth $20,894,000. Amalgamated Bank bought a new stake in shares of Core Natural Resources during the 1st quarter worth $1,120,000. Vanguard Group Inc. bought a new stake in shares of Core Natural Resources during the 1st quarter worth $482,793,000. Corebridge Financial Inc. bought a new stake in shares of Core Natural Resources during the 1st quarter worth $2,112,000. Finally, Yousif Capital Management LLC bought a new stake in shares of Core Natural Resources during the 1st quarter worth $1,419,000. 86.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Core Natural Resources news, Director Patrick A. Kriegshauser sold 3,043 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total transaction of $234,524.01. Following the transaction, the director directly owned 23,348 shares in the company, valued at $1,799,430.36. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.02% of the stock is currently owned by company insiders.

Core Natural Resources Price Performance

CNR opened at $77.42 on Wednesday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 35.51 and a beta of 0.76. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average price of $74.73 and a 200 day moving average price of $72.87.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a dividend of $0.10 per share. This represents a yield of 56.0%. The ex-dividend date was Friday, August 29th. Core Natural Resources's dividend payout ratio (DPR) is 18.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CNR. UBS Group raised their price objective on Core Natural Resources from $86.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday. Jefferies Financial Group reaffirmed a "hold" rating and issued a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. Finally, B. Riley decreased their target price on 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $106.40.

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.

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