Tejara Capital Ltd Purchases 43,960 Shares of Core Natural Resources, Inc. $CNR

Tejara Capital Ltd increased its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 53.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,277 shares of the energy company’s stock after purchasing an additional 43,960 shares during the quarter. Core Natural Resources makes up approximately 4.1% of Tejara Capital Ltd’s holdings, making the stock its 4th biggest holding. Tejara Capital Ltd’s holdings in Core Natural Resources were worth $8,807,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in Core Natural Resources during the first quarter worth about $482,793,000. Dimensional Fund Advisors LP bought a new stake in Core Natural Resources during the 1st quarter worth approximately $225,045,000. American Century Companies Inc. acquired a new stake in Core Natural Resources during the 1st quarter valued at $123,526,000. Geode Capital Management LLC raised its position in Core Natural Resources by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock valued at $86,318,000 after purchasing an additional 20,541 shares during the last quarter. Finally, Magnolia Group LLC raised its position in Core Natural Resources by 140.6% in the 2nd quarter. Magnolia Group LLC now owns 714,500 shares of the energy company’s stock valued at $49,829,000 after purchasing an additional 417,500 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Price Performance

Shares of CNR stock opened at $78.39 on Friday. The stock has a 50-day moving average price of $84.43 and a 200 day moving average price of $76.75. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 35.96 and a beta of 0.63. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $134.14.

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

Core Natural Resources Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a report on Tuesday. Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. UBS Group raised their price objective 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. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $125.00 in a research note on Friday, October 10th. Finally, Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $119.10.

Insider Activity

In related news, Director Patrick A. Kriegshauser sold 3,043 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total value of $234,524.01. Following the completion of the sale, the director owned 23,348 shares in the company, valued at approximately $1,799,430.36. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO John Rothka sold 1,000 shares of the stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the transaction, the chief accounting officer directly owned 10,307 shares in the company, valued at $979,165. The trade was a 8.84% decrease in their position. 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 in the last 90 days. 1.41% of the stock is owned by company insiders.

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.