State of Alaska Department of Revenue Sells 8,308 Shares of Core Natural Resources, Inc. $CNR

State of Alaska Department of Revenue lessened its stake in Core Natural Resources, Inc. (NYSE:CNR) by 45.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,047 shares of the energy company’s stock after selling 8,308 shares during the quarter. State of Alaska Department of Revenue’s holdings in Core Natural Resources were worth $861,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Baird Financial Group Inc. boosted its holdings in Core Natural Resources by 4.4% in the second quarter. Baird Financial Group Inc. now owns 261,052 shares of the energy company’s stock valued at $20,889,000 after acquiring an additional 10,911 shares during the last quarter. Wealth High Governance Capital Ltda purchased a new stake in Core Natural Resources during the first quarter valued at about $4,406,000. Energy Income Partners LLC increased its stake in Core Natural Resources by 68.9% during the first quarter. Energy Income Partners LLC now owns 223,354 shares of the energy company’s stock worth $23,392,000 after acquiring an additional 91,100 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Core Natural Resources in the 1st quarter worth about $6,240,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Core Natural Resources by 228.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 85,770 shares of the energy company’s stock valued at $8,979,000 after purchasing an additional 59,683 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Performance

Shares of CNR stock opened at $87.62 on Thursday. Core Natural Resources, Inc. has a 12 month low of $74.75 and a 12 month high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.32. The firm has a market capitalization of $4.35 billion, a P/E ratio of 2,910.32 and a beta of 0.25. The company’s fifty day moving average price is $93.52 and its two-hundred day moving average price is $89.12.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $1.91. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. On average, research analysts anticipate that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Monday, August 31st were paid a $0.10 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Core Natural Resources’s payout ratio is 20.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNR shares. UBS Group lowered Core Natural Resources from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $101.00 to $105.00 in a research note on Tuesday, August 18th. Weiss Ratings raised shares of Core Natural Resources from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Finally, Zacks Research lowered shares of Core Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $105.00.

Core Natural Resources Profile

Core Natural Resources, Inc is a diversified coal producer formed through the combination of Arch Resources and CONSOL Energy, completed in January 2025. The company mines and markets both metallurgical coal, which is used in steelmaking, and thermal coal, which is used primarily for electricity generation and industrial applications.

Core Natural Resources operates mining assets in the United States, including operations in the Appalachian region and the western United States. Its portfolio includes underground and surface mines, and the company also has coal logistics and export capabilities that support deliveries to domestic and international customers.

The company serves electric utilities, steel producers, industrial users and other customers in the United States and overseas.