Moore Capital Management LP Boosts Holdings in Core Natural Resources, Inc. $CNR

Moore Capital Management LP boosted its position in Core Natural Resources, Inc. (NYSE:CNR) by 108.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,046 shares of the energy company’s stock after buying an additional 88,283 shares during the period. Moore Capital Management LP owned approximately 0.33% of Core Natural Resources worth $15,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Encompass Capital Advisors LLC purchased a new position in Core Natural Resources in the 4th quarter valued at $19,915,000. Cinctive Capital Management LP purchased a new position in Core Natural Resources in the 4th quarter valued at $495,000. Clifford Capital Partners LLC grew its position in Core Natural Resources by 45.8% in the 4th quarter. Clifford Capital Partners LLC now owns 4,437 shares of the energy company’s stock valued at $393,000 after buying an additional 1,394 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Core Natural Resources by 147.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 455,344 shares of the energy company’s stock valued at $40,302,000 after buying an additional 271,013 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in Core Natural Resources in the 4th quarter valued at $364,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Price Performance

Shares of NYSE CNR opened at $86.86 on Thursday. Core Natural Resources, Inc. has a one year low of $64.57 and a one year high of $114.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70. The company’s fifty day moving average is $88.78 and its two-hundred day moving average is $91.42. The firm has a market capitalization of $4.38 billion, a P/E ratio of -71.19 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The business had revenue of $899.48 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $3.39 EPS. The business’s revenue for the quarter was up 94.7% compared to the same quarter last year. Analysts forecast that Core Natural Resources, Inc. will post 1.7 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $0.10 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Core Natural Resources’s payout ratio is currently -32.79%.

Wall Street Analysts Forecast Growth

CNR has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. UBS Group boosted their target price on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

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.