Core Natural Resources, Inc. $CNR Holdings Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 60.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,846 shares of the energy company’s stock after selling 17,934 shares during the period. Advisors Asset Management Inc.’s holdings in Core Natural Resources were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada purchased a new position in Core Natural Resources during the 1st quarter valued at about $2,037,000. AQR Capital Management LLC acquired a new stake in shares of Core Natural Resources during the first quarter worth approximately $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Core Natural Resources during the first quarter worth approximately $2,413,000. NewEdge Advisors LLC purchased a new position in Core Natural Resources during the first quarter valued at approximately $1,223,000. Finally, United Services Automobile Association acquired a new position in Core Natural Resources in the 1st quarter valued at approximately $256,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CNR shares. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Finally, Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.38.

Core Natural Resources Price Performance

NYSE CNR opened at $86.82 on Wednesday. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $103.50. The stock’s 50-day moving average is $91.71 and its two-hundred day moving average is $84.27. The firm has a market cap of $4.45 billion, a P/E ratio of -28.84 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.29.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $996.54 million. During the same period in the prior year, the company posted $1.04 EPS. The business’s revenue was up 81.8% on a year-over-year basis. On average, analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is currently -13.29%.

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.