Insider Selling: Core Natural Resources (NYSE:CNR) Director Sells 3,043 Shares of Stock

Key Points

• Core Natural Resources Director Patrick Kriegshauser sold 3,043 shares at an average price of $77.07, reducing his ownership by 11.53% and leaving him with 23,348 shares.
• The company reported a loss of $0.70 EPS for the latest quarter, missing estimates by $2.01, but had revenues of $1.10 billion, surpassing expectations.
• Core Natural Resources recently announced a dividend of $0.10 per share, yielding 56.0%, with a payout ratio of 18.35%.

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) Director Patrick A. Kriegshauser sold 3,043 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total transaction of $234,524.01. Following the completion of the transaction, the director directly owned 23,348 shares in the company, valued at $1,799,430.36. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Core Natural Resources Price Performance

Shares of Core Natural Resources stock traded down $1.01 on Monday, hitting $75.01. The company's stock had a trading volume of 681,699 shares, compared to its average volume of 567,270. 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 firm has a fifty day moving average price of $74.66 and a 200-day moving average price of $72.84. The company has a market capitalization of $3.86 billion, a P/E ratio of 18.06 and a beta of 0.76.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data 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 return on equity of 3.01% and a net margin of 0.63%.The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.04 billion. On average, equities research analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

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

Institutional Investors Weigh In On Core Natural Resources

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new position in shares of Core Natural Resources during the first quarter valued at $20,894,000. Amalgamated Bank acquired a new position in shares of Core Natural Resources in the 1st quarter valued at $1,120,000. Vanguard Group Inc. acquired a new position in shares of Core Natural Resources in the 1st quarter valued at $482,793,000. Corebridge Financial Inc. acquired a new position in shares of Core Natural Resources in the 1st quarter valued at $2,112,000. Finally, Yousif Capital Management LLC acquired a new position in shares of Core Natural Resources in the 1st quarter valued at $1,419,000. 86.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CNR shares. B. Riley cut 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 report on Tuesday, July 22nd. Jefferies Financial Group reiterated a "hold" rating and set a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Finally, UBS Group increased their target price on shares of Core Natural Resources from $86.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Core Natural Resources currently has a consensus 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.