First Trust Advisors LP Buys 9,156 Shares of Core Natural Resources, Inc. $CNR

First Trust Advisors LP lifted its stake in Core Natural Resources, Inc. (NYSE:CNR) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 334,574 shares of the energy company’s stock after acquiring an additional 9,156 shares during the quarter. First Trust Advisors LP’s holdings in Core Natural Resources were worth $35,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Triumph Capital Management bought a new position in Core Natural Resources in the third quarter valued at approximately $25,000. First Horizon Corp raised its stake in shares of Core Natural Resources by 97.6% during the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after purchasing an additional 165 shares in the last quarter. CWM LLC raised its stake 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 worth $30,000 after purchasing an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after buying an additional 191 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Core Natural Resources in the 4th quarter valued at approximately $38,000. Institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. UBS Group decreased their price objective on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. Finally, Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. Four investment 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. Based on data from MarketBeat.com, Core Natural Resources presently has an average rating of “Moderate Buy” and an average target price of $112.50.

Core Natural Resources Stock Performance

NYSE:CNR opened at $82.45 on Tuesday. The stock has a 50 day simple moving average of $85.60 and a 200 day simple moving average of $90.72. The stock has a market cap of $4.16 billion, a P/E ratio of -67.58 and a beta of 0.15. Core Natural Resources, Inc. has a 1-year low of $68.78 and a 1-year high of $114.80. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $3.39 earnings per share. Core Natural Resources’s revenue for the quarter was up 94.7% compared to the same quarter last year. Research analysts anticipate that Core Natural Resources, Inc. will post 2.45 earnings per share for the current year.

Core Natural Resources Announces Dividend

The business 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 of this dividend was Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is currently -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.