Wedge Capital Management L L P NC Invests $3.04 Million in Core Natural Resources, Inc. (NYSE:CNR)

Wedge Capital Management L L P NC bought a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 39,392 shares of the energy company's stock, valued at approximately $3,037,000. Wedge Capital Management L L P NC owned approximately 0.07% of Core Natural Resources as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in shares of Core Natural Resources by 1.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company's stock worth $1,243,000 after acquiring an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Core Natural Resources by 40.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company's stock valued at $12,555,000 after buying an additional 25,306 shares during the last quarter. Rhumbline Advisers grew its holdings in Core Natural Resources by 4.0% during the 4th quarter. Rhumbline Advisers now owns 46,028 shares of the energy company's stock worth $6,500,000 after acquiring an additional 1,787 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Core Natural Resources by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company's stock valued at $12,398,000 after purchasing an additional 2,581 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Core Natural Resources in the fourth quarter valued at approximately $253,000. Institutional investors own 86.54% of the company's stock.

Insider Buying and Selling

In other news, Director Holly K. Koeppel sold 8,815 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the transaction, the director now owns 13,348 shares in the company, valued at $1,005,104.40. This trade represents a 39.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group assumed coverage on Core Natural Resources in a research note on Wednesday. They issued a "buy" rating and a $80.00 target price for the company. 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, B. Riley reduced their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $120.80.

Core Natural Resources Trading Up 6.2%

Shares of CNR stock traded up $4.20 on Wednesday, hitting $71.58. The stock had a trading volume of 1,018,316 shares, compared to its average volume of 998,590. The firm has a market cap of $3.77 billion, a P/E ratio of 7.45 and a beta of 0.69. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $71.15 and a two-hundred day moving average price of $99.95.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of $1.74 by ($3.12). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $964.15 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. As a group, analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources's dividend payout ratio is currently 8.26%.

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.