Core Natural Resources (NYSE:CNR) Director Patrick A. Kriegshauser Sells 3,043 Shares

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 firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total value of $234,524.01. Following the transaction, the director directly owned 23,348 shares in the company, valued at approximately $1,799,430.36. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Core Natural Resources Price Performance

Shares of NYSE CNR traded down $1.04 during trading hours on Friday, reaching $76.16. 1,123,762 shares of the stock traded hands, compared to its average volume of 567,270. The company has a market capitalization of $3.92 billion, a P/E ratio of 34.94 and a beta of 0.76. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $134.59. The company's 50-day simple moving average is $74.66 and its two-hundred day simple moving average is $72.79.

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

Core Natural Resources Dividend Announcement

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

Analyst Ratings Changes

CNR has been the topic of a number of research reports. Jefferies Financial Group reissued 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. UBS Group lifted their price target on Core Natural Resources from $86.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday. Finally, B. Riley decreased their price target on 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $106.40.

Institutional Investors Weigh In On Core Natural Resources

Several hedge funds have recently made changes to their positions in CNR. SummerHaven Investment Management LLC boosted its stake in Core Natural Resources by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company's stock valued at $554,000 after buying an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company's stock valued at $29,000 after purchasing an additional 191 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Core Natural Resources by 6.5% in the 2nd quarter. Resonant Capital Advisors LLC now owns 3,401 shares of the energy company's stock valued at $237,000 after purchasing an additional 207 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Core Natural Resources by 4.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,597 shares of the energy company's stock valued at $321,000 after purchasing an additional 214 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Core Natural Resources by 14.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,223 shares of the energy company's stock valued at $155,000 after purchasing an additional 289 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

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.