NFJ Investment Group LLC Acquires New Position in Core Natural Resources, Inc. $CNR

NFJ Investment Group LLC acquired a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR) during the 4th quarter, Holdings Channel reports. The fund acquired 26,795 shares of the energy company’s stock, valued at approximately $2,372,000.

Several other institutional investors also recently bought and sold shares of CNR. State Street Corp grew its position in Core Natural Resources by 10.2% during the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock valued at $221,044,000 after purchasing an additional 294,312 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Core Natural Resources by 10,023.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock valued at $20,624,000 after purchasing an additional 292,799 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Core Natural Resources during the 4th quarter valued at about $22,741,000. Thomist Capital Management LP purchased a new stake in Core Natural Resources during the 4th quarter valued at about $20,739,000. Finally, First Trust Advisors LP grew its position in Core Natural Resources by 619.5% during the 2nd quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock valued at $18,652,000 after purchasing an additional 230,275 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO John Rothka sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total value of $97,660.00. Following the transaction, the chief accounting officer owned 5,190 shares of the company’s stock, valued at approximately $506,855.40. This trade represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James A. Brock sold 40,760 shares of the firm’s stock in a transaction that occurred 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 owned 100,000 shares in the company, valued at approximately $10,115,000. The trade was a 28.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

CNR has been the topic of several recent analyst reports. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group raised their price target 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. Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

Core Natural Resources Stock Performance

CNR opened at $91.92 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.63 billion, a price-to-earnings ratio of -75.34 and a beta of 0.14. The company’s 50 day moving average is $89.82 and its 200 day moving average is $91.24. Core Natural Resources, Inc. has a 12-month low of $64.57 and a 12-month high of $114.80.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data 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. The company had revenue of $899.48 million for the quarter, compared to the consensus estimate of $1.06 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The firm’s revenue was up 94.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.39 earnings per share. On average, equities research analysts predict that Core Natural Resources, Inc. will post 1.7 EPS for the current year.

Core Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is presently -32.79%.

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