SPX Gestao de Recursos Ltda Reduces Holdings in Core Natural Resources, Inc. $CNR

SPX Gestao de Recursos Ltda decreased its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 26.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 82,000 shares of the energy company’s stock after selling 30,109 shares during the quarter. SPX Gestao de Recursos Ltda owned approximately 0.16% of Core Natural Resources worth $6,845,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Core Natural Resources by 10.2% during the second quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock valued at $221,044,000 after purchasing an additional 294,312 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Core Natural Resources by 10,023.9% in the second quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock worth $20,624,000 after purchasing an additional 292,799 shares in the last quarter. First Trust Advisors LP raised its position in shares of Core Natural Resources by 619.5% in the second quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock valued at $18,652,000 after purchasing an additional 230,275 shares during the period. Bank of America Corp DE lifted its stake in shares of Core Natural Resources by 48.9% during the 2nd quarter. Bank of America Corp DE now owns 585,137 shares of the energy company’s stock valued at $40,807,000 after buying an additional 192,136 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Core Natural Resources by 27.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 652,379 shares of the energy company’s stock valued at $54,461,000 after buying an additional 139,188 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CNR has been the topic of a number of analyst reports. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Finally, Wall Street Zen lowered shares of Core Natural Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $111.38.

Core Natural Resources Price Performance

Shares of NYSE CNR opened at $86.99 on Friday. The firm has a market capitalization of $4.43 billion, a P/E ratio of -28.90 and a beta of 0.34. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10. The stock’s 50-day simple moving average is $91.98 and its two-hundred day simple moving average is $85.32. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $103.50.

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

Core Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued 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 is presently -13.29%.

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.