Core Natural Resources, Inc. $CNR Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 30.3% during the fourth quarter, HoldingsChannel reports. The firm owned 29,691 shares of the energy company’s stock after selling 12,881 shares during the quarter. Royce & Associates LP’s holdings in Core Natural Resources were worth $2,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Triumph Capital Management purchased a new stake in shares of Core Natural Resources in the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings 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 acquiring an additional 191 shares during the last quarter. CWM LLC boosted its holdings in shares of Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Core Natural Resources by 60.5% in the 4th quarter. Farther Finance Advisors LLC now owns 642 shares of the energy company’s stock valued at $57,000 after acquiring an additional 242 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Core Natural Resources by 666.7% in the 3rd quarter. Parallel Advisors LLC now owns 690 shares of the energy company’s stock valued at $58,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard A. Navarre sold 6,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the sale, the director directly owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. This represents a 24.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO James A. Brock sold 40,760 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the sale, the chief executive officer directly owned 100,000 shares in the company, valued at $10,115,000. This trade represents a 28.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 51,560 shares of company stock valued at $5,118,890. Corporate insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CNR. UBS Group upped their price objective on shares of Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Finally, Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $116.67.

Core Natural Resources Stock Performance

Shares of NYSE CNR opened at $88.18 on Friday. The company’s fifty day moving average price is $92.65 and its 200 day moving average price is $90.35. Core Natural Resources, Inc. has a 1 year low of $64.15 and a 1 year high of $114.80. The company has a market capitalization of $4.45 billion, a PE ratio of -72.28 and a beta of 0.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The firm had revenue of $899.48 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $3.39 earnings per share. The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. On average, research analysts predict that Core Natural Resources, Inc. will post 1.7 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is -32.79%.

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.