Core Natural Resources, Inc. $CNR Holdings Raised by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC grew its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 6.1% in the 4th quarter, HoldingsChannel reports. The firm owned 302,720 shares of the energy company’s stock after acquiring an additional 17,368 shares during the quarter. Core Natural Resources makes up about 2.6% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 16th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Core Natural Resources were worth $26,794,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. CWM LLC increased its holdings in shares of Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Core Natural Resources by 10.0% during the 4th quarter. GAMMA Investing LLC now owns 1,556 shares of the energy company’s stock valued at $138,000 after acquiring an additional 142 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Core Natural Resources by 6.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock valued at $198,000 after acquiring an additional 144 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Core Natural Resources by 18.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,219 shares of the energy company’s stock valued at $104,000 after acquiring an additional 190 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after acquiring an additional 191 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Core Natural Resources

In related news, CAO John Rothka sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $97.66, for a total transaction of $97,660.00. Following the completion of the sale, the chief accounting officer owned 5,190 shares in the company, valued at $506,855.40. This represents a 16.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James A. Brock sold 40,760 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total value of $4,122,874.00. Following the sale, the chief executive officer owned 100,000 shares of the company’s stock, valued at approximately $10,115,000. The trade was a 28.96% decrease in their position. The SEC filing for this sale provides additional information. 2.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CNR. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. UBS Group increased their price objective on Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Finally, Weiss Ratings raised Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Core Natural Resources presently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

Core Natural Resources Price Performance

Shares of NYSE:CNR opened at $91.92 on Friday. The business has a 50 day moving average price of $89.82 and a 200 day moving average price of $91.14. Core Natural Resources, Inc. has a twelve month low of $64.57 and a twelve month high of $114.80. The company has a market cap of $4.63 billion, a price-to-earnings ratio of -75.34 and a beta of 0.14. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.13. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The firm had revenue of $899.48 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company earned $3.39 EPS. The firm’s revenue for the quarter was up 94.7% compared to the same quarter last year. Research analysts predict that Core Natural Resources, Inc. will post 1.7 earnings per share for the current year.

Core Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.4%. Core Natural Resources’s dividend payout ratio is presently -32.79%.

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.