6,400 Shares in Core Natural Resources, Inc. $CNR Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 6,400 shares of the energy company’s stock, valued at approximately $670,000.

Other large investors also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in shares of Core Natural Resources in the third quarter worth $25,000. First Horizon Corp raised its position in Core Natural Resources by 97.6% during the first quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after buying an additional 165 shares during the period. CWM LLC raised its position in Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after buying an additional 106 shares during the period. EverSource Wealth Advisors LLC raised its position in Core Natural Resources by 84.9% during the second 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 period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Core Natural Resources in the 4th quarter worth about $38,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNR has been the subject of a number of research reports. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. UBS Group dropped their target price on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Zacks Research raised shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $112.50.

Core Natural Resources Price Performance

CNR opened at $95.90 on Monday. The stock has a fifty day moving average price of $84.78 and a 200 day moving average price of $89.69. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. Core Natural Resources, Inc. has a 1 year low of $68.78 and a 1 year high of $114.80. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 48.19 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. Analysts forecast that Core Natural Resources, Inc. will post 2.96 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be paid a $0.10 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s payout ratio is 20.10%.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.