Envestnet Asset Management Inc. Has $15.75 Million Holdings in Core Natural Resources, Inc. $CNR

Envestnet Asset Management Inc. boosted its position in Core Natural Resources, Inc. (NYSE:CNR) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,848 shares of the energy company’s stock after buying an additional 9,891 shares during the period. Envestnet Asset Management Inc.’s holdings in Core Natural Resources were worth $15,751,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CNR. SBI Securities Co. Ltd. bought a new position in shares of Core Natural Resources in the 1st quarter worth about $29,000. TruNorth Capital Management LLC bought a new stake in shares of Core Natural Resources during the 1st quarter valued at about $33,000. US Bancorp DE acquired a new stake in Core Natural Resources during the first quarter worth approximately $47,000. Banque Transatlantique SA bought a new stake in Core Natural Resources in the first quarter worth approximately $59,000. Finally, Smartleaf Asset Management LLC bought a new stake in Core Natural Resources in the first quarter worth approximately $69,000. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Performance

NYSE CNR opened at $86.20 on Friday. The company has a market cap of $4.44 billion, a P/E ratio of 39.54 and a beta of 0.63. The company has a fifty day simple moving average of $82.18 and a 200 day simple moving average of $75.89. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.40) by $2.01. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.05 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. Core Natural Resources’s revenue for the quarter was up 74.4% compared to the same quarter last year. Sell-side analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Core Natural Resources’s payout ratio is 18.35%.

Analysts Set New Price Targets

A number of research firms have issued reports on CNR. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $125.00 in a report on Friday, October 10th. UBS Group boosted their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research report on Wednesday, October 8th. B. Riley reduced their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Core Natural Resources in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Core Natural Resources presently has an average rating of “Moderate Buy” and an average target price of $119.10.

Insiders Place Their Bets

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

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.