VIRGINIA RETIREMENT SYSTEMS ET Al Takes $781,000 Position in Core Natural Resources, Inc. $CNR

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Core Natural Resources, Inc. (NYSE:CNR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,202 shares of the energy company’s stock, valued at approximately $781,000.

Several other hedge funds have also added to or reduced their stakes in the business. SummerHaven Investment Management LLC increased its holdings in Core Natural Resources by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company’s stock worth $554,000 after purchasing an additional 190 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Core Natural Resources by 4.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,597 shares of the energy company’s stock valued at $321,000 after purchasing an additional 214 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at about $29,000. TruNorth Capital Management LLC acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at about $33,000. Finally, US Bancorp DE acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard A. Navarre sold 5,000 shares of Core Natural Resources stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the transaction, the director owned 21,830 shares in the company, valued at approximately $1,794,426. This trade represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources 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 transaction, the director 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. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,043 shares of company stock worth $740,524. Company insiders own 1.41% of the company’s stock.

Core Natural Resources Price Performance

NYSE:CNR opened at $83.10 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. The stock’s 50-day simple moving average is $80.71 and its 200 day simple moving average is $75.39. The company has a market cap of $4.28 billion, a P/E ratio of 38.12 and a beta of 0.70. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $134.59.

Core Natural Resources (NYSE:CNR) last released its earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($2.01). The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. As a group, sell-side analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 29th. This represents a yield of 56.0%. Core Natural Resources’s dividend payout ratio (DPR) is presently 18.35%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. UBS Group lifted their price target on Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research note on Wednesday, October 8th. B. Riley dropped their price target on Core Natural Resources from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Jefferies Financial Group raised 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Core Natural Resources in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Core Natural Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.10.

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.