Insider Selling: Core Natural Resources (NYSE:CNR) Director Sells 5,000 Shares of Stock

Key Points

• Director Richard Navarre sold 5,000 shares of Core Natural Resources stock at an average price of $82.20, totaling $411,000, which is an 18.64% decrease in his ownership.
• Core Natural Resources reported a loss of ($0.70) EPS for the last quarter, significantly missing the consensus estimate of $1.31.
• The company declared a $0.10 per share dividend, resulting in a yield of 56.0%, with a payout ratio of 18.35%.

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) Director Richard Navarre sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the transaction, the director owned 21,830 shares of the company's stock, valued at $1,794,426. This trade represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Core Natural Resources Stock Up 0.8%

Shares of Core Natural Resources stock traded up $0.69 during midday trading on Friday, reaching $82.87. 565,793 shares of the company's stock traded hands, compared to its average volume of 923,797. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 38.01 and a beta of 0.76. The company's 50 day simple moving average is $75.08 and its 200 day simple moving average is $73.02. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78.

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). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. Equities 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 firm also recently declared a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were given 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 presently 18.35%.

Institutional Investors Weigh In On Core Natural Resources

A number of institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Core Natural Resources during the 1st quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Core Natural Resources during the first quarter worth $29,000. Farther Finance Advisors LLC acquired a new stake in Core Natural Resources in the first quarter worth $30,000. Whipplewood Advisors LLC acquired a new position in shares of Core Natural Resources during the first quarter valued at about $31,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Core Natural Resources by 84.9% during the second 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 in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNR has been the subject of several recent research reports. B. Riley lowered their price objective 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. 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. Finally, UBS Group boosted their price objective on Core Natural Resources from $86.00 to $89.00 and gave the company a "buy" rating in a research report on Friday, September 19th. 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $106.40.

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.

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