Price T Rowe Associates Inc. MD Purchases New Holdings in Core Natural Resources, Inc. (NYSE:CNR)

Price T Rowe Associates Inc. MD acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 269,857 shares of the energy company's stock, valued at approximately $28,790,000. Price T Rowe Associates Inc. MD owned 0.92% of Core Natural Resources at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CNR. GAMMA Investing LLC lifted its stake in Core Natural Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock valued at $26,000 after acquiring an additional 143 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Core Natural Resources in the fourth quarter worth $26,000. Fortitude Family Office LLC boosted its holdings in Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock worth $28,000 after purchasing an additional 104 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Core Natural Resources by 82.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Core Natural Resources by 226.7% in the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after buying an additional 170 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Insider Activity at Core Natural Resources

In other news, Director Holly K. Koeppel sold 8,815 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares in the company, valued at $1,005,104.40. The trade was a 39.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.41% of the stock is owned by company insiders.

Core Natural Resources Stock Performance

NYSE:CNR traded down $0.63 on Tuesday, hitting $73.54. The company's stock had a trading volume of 74,705 shares, compared to its average volume of 1,012,214. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59. The firm has a market capitalization of $3.93 billion, a P/E ratio of 7.65 and a beta of 1.42. The stock has a fifty day moving average of $72.91 and a two-hundred day moving average of $115.20. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $1.44. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The business had revenue of $595.29 million for the quarter, compared to analysts' expectations of $493.50 million. Research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 3rd. Core Natural Resources's payout ratio is 4.16%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CNR shares. B. Riley reduced their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Benchmark reissued a "buy" rating and set a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. Piper Sandler raised Core Natural Resources from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Jefferies Financial Group raised Core Natural Resources from a "hold" rating to a "buy" rating and cut their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. Finally, StockNews.com started coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They set a "hold" rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $132.75.

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.