Core Natural Resources, Inc. $CNR Shares Sold by EMC Capital Management

EMC Capital Management decreased its stake in Core Natural Resources, Inc. (NYSE:CNR) by 39.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,634 shares of the energy company’s stock after selling 1,057 shares during the quarter. EMC Capital Management’s holdings in Core Natural Resources were worth $114,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. US Bancorp DE acquired a new position in Core Natural Resources in the first quarter valued at approximately $47,000. Banque Transatlantique SA purchased a new position in shares of Core Natural Resources during the 1st quarter valued at approximately $59,000. Smartleaf Asset Management LLC acquired a new position in shares of Core Natural Resources in the 1st quarter valued at $69,000. Allworth Financial LP lifted its stake in shares of Core Natural Resources by 4,079.3% in the 2nd quarter. Allworth Financial LP now owns 1,212 shares of the energy company’s stock valued at $85,000 after purchasing an additional 1,183 shares during the period. Finally, Resources Management Corp CT ADV purchased a new stake in Core Natural Resources during the first quarter worth $88,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Trading Down 2.7%

CNR stock opened at $78.24 on Thursday. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The business’s 50-day moving average is $84.18 and its 200 day moving average is $76.55. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 35.89 and a beta of 0.63.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of ($1.40) by $2.01. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The company’s revenue was up 74.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.10 dividend. 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 dividend payout ratio (DPR) is presently -93.02%.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, CAO John Rothka sold 1,000 shares of Core Natural Resources stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the sale, the chief accounting officer owned 10,307 shares of the company’s stock, valued at $979,165. The trade was a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Patrick A. Kriegshauser sold 3,043 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total transaction of $234,524.01. Following the sale, the director directly owned 23,348 shares of the company’s stock, valued at $1,799,430.36. The trade was a 11.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,043 shares of company stock worth $740,524. Corporate insiders own 1.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CNR shares. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and lifted their price target for the company from $90.00 to $125.00 in a research note on Friday, October 10th. Benchmark reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. UBS Group raised their price objective on Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Thursday, November 13th. Five analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $119.10.

About Core Natural Resources

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.