Core Natural Resources, Inc. $CNR Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 1.7% in the second quarter, HoldingsChannel.com reports. The fund owned 1,237,486 shares of the energy company’s stock after purchasing an additional 20,541 shares during the period. Geode Capital Management LLC’s holdings in Core Natural Resources were worth $86,318,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in Core Natural Resources during the first quarter worth about $482,793,000. Dimensional Fund Advisors LP purchased a new position in shares of Core Natural Resources in the first quarter valued at approximately $225,045,000. American Century Companies Inc. acquired a new position in shares of Core Natural Resources in the first quarter valued at approximately $123,526,000. Magnolia Group LLC increased its stake in Core Natural Resources by 140.6% during the 2nd quarter. Magnolia Group LLC now owns 714,500 shares of the energy company’s stock worth $49,829,000 after buying an additional 417,500 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Core Natural Resources during the 1st quarter worth approximately $48,630,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a research note on Wednesday. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and upped their price target for the stock from $90.00 to $125.00 in a report on Friday, October 10th. Finally, UBS Group increased their price target on Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $119.10.

Insider Activity

In other news, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total value of $234,524.01. Following the sale, the director owned 23,348 shares of the company’s stock, valued at $1,799,430.36. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard A. Navarre sold 5,000 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the transaction, the director directly owned 21,830 shares of the company’s stock, valued at $1,794,426. This represents a 18.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,043 shares of company stock valued at $740,524 over the last quarter. Corporate insiders own 1.41% of the company’s stock.

Core Natural Resources Trading Up 1.3%

Shares of CNR stock opened at $77.54 on Friday. The company has a market capitalization of $3.97 billion, a P/E ratio of 35.57 and a beta of 0.63. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $84.36 and its two-hundred day moving average is $76.57. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, topping the consensus estimate of ($1.40) by $2.01. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.05 billion. Core Natural Resources’s quarterly revenue was up 74.4% on a year-over-year basis. Equities analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, November 28th. Core Natural Resources’s dividend payout ratio (DPR) is -93.02%.

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.