Squarepoint Ops LLC Acquires 40,174 Shares of Core Natural Resources, Inc. $CNR

Squarepoint Ops LLC raised its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 42.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,181 shares of the energy company’s stock after acquiring an additional 40,174 shares during the quarter. Squarepoint Ops LLC’s holdings in Core Natural Resources were worth $10,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Royal Bank of Canada purchased a new stake in shares of Core Natural Resources in the 1st quarter worth $2,037,000. AQR Capital Management LLC purchased a new position in Core Natural Resources during the first quarter valued at $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Core Natural Resources during the first quarter valued at about $2,413,000. NewEdge Advisors LLC bought a new stake in Core Natural Resources during the first quarter valued at about $1,223,000. Finally, United Services Automobile Association purchased a new stake in Core Natural Resources in the first quarter worth about $256,000. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Down 0.8%

CNR opened at $99.32 on Thursday. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 49.91 and a beta of 0.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.83. The firm’s fifty day moving average is $89.46 and its 200 day moving average is $90.51. Core Natural Resources, Inc. has a fifty-two week low of $71.83 and a fifty-two week high of $114.80.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $1.91. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. On average, sell-side analysts forecast that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be given a dividend of $0.10 per share. The ex-dividend date is Monday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is currently 20.10%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CNR. Zacks Research raised Core Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, UBS Group lowered shares of Core Natural Resources from a “buy” rating to a “neutral” rating and increased their target price for the stock from $101.00 to $105.00 in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Core Natural Resources currently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

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