Wellington Management Group LLP Invests $12.67 Million in Core Natural Resources, Inc. $CNR

Key Points

• Wellington Management Group LLP acquired a new stake in Core Natural Resources, purchasing 164,269 shares valued at approximately $12.67 million, which amounts to about 0.31% of the company.
• Core Natural Resources reported a loss of $0.70 per share in its most recent quarterly earnings, missing analysts' expectations of a profit of $1.31.
• The company announced a dividend of $0.10 per share, with a yield of 56.0%, set to be paid on September 15th for shareholders recorded by September 1st.

Wellington Management Group LLP acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 164,269 shares of the energy company's stock, valued at approximately $12,665,000. Wellington Management Group LLP owned approximately 0.31% of Core Natural Resources at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in Core Natural Resources during the first quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Core Natural Resources in the first quarter valued at about $29,000. Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources in the first quarter valued at about $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Core Natural Resources in the first quarter valued at about $31,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Core Natural Resources in the first quarter valued at about $33,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CNR. Benchmark lowered their price target on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. B. Riley cut their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. UBS Group reiterated a "buy" rating and issued a $86.00 target price (up previously from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Core Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of $105.80.

Core Natural Resources Trading Up 2.1%

CNR stock traded up $1.55 during trading on Monday, hitting $74.39. The company had a trading volume of 643,849 shares, compared to its average volume of 746,274. 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 firm has a 50-day moving average price of $73.46 and a 200-day moving average price of $72.91. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $134.59. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 34.12 and a beta of 0.76.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. As a group, analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Announces Dividend

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

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.