Krilogy Financial LLC Makes New $1.03 Million Investment in Core Natural Resources, Inc. $CNR

Krilogy Financial LLC acquired a new position in Core Natural Resources, Inc. (NYSE:CNR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,283 shares of the energy company’s stock, valued at approximately $1,031,000.

Other hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc grew its holdings in Core Natural Resources by 1,290.9% during the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after buying an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after acquiring an additional 191 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in Core Natural Resources during the 3rd quarter worth $31,000. Princeton Global Asset Management LLC bought a new stake in shares of Core Natural Resources in the 3rd quarter worth $43,000. Finally, Financial Consulate Inc. purchased a new stake in shares of Core Natural Resources in the third quarter valued at about $43,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Performance

NYSE CNR opened at $90.05 on Friday. The firm has a market cap of $4.61 billion, a P/E ratio of -209.40 and a beta of 0.34. The company has a quick ratio of 1.29, a current ratio of 1.82 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $91.28 and its 200-day moving average is $83.82. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $103.50.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($1.19). The business had revenue of $1.04 billion during the quarter. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The company’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS. Sell-side analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, March 2nd. Core Natural Resources’s payout ratio is presently -93.02%.

Analyst Ratings Changes

CNR has been the topic of several analyst reports. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Benchmark restated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.38.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.