Yousif Capital Management LLC Invests $1.42 Million in Core Natural Resources, Inc. (NYSE:CNR)

Yousif Capital Management LLC acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,400 shares of the energy company’s stock, valued at approximately $1,419,000.

Several other large investors have also modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Core Natural Resources in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its stake in Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after acquiring an additional 170 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Core Natural Resources in the first quarter valued at approximately $25,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at $30,000. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Price Performance

NYSE CNR opened at $73.49 on Wednesday. The business has a 50 day simple moving average of $71.67 and a 200 day simple moving average of $96.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.89. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $134.59. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 15.18 and a beta of 0.69.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($3.12). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $964.15 million. Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. Analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources’s dividend payout ratio is currently 8.26%.

Insider Transactions at Core Natural Resources

In related news, Director Holly K. Koeppel sold 8,815 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares in the company, valued at approximately $1,005,104.40. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CNR. Benchmark reduced their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 9th. B. Riley cut their target price on shares of Core Natural Resources from $136.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, UBS Group began coverage on shares of Core Natural Resources in a research report on Wednesday, June 11th. They set a “buy” rating and a $80.00 target price for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.80.

Core Natural Resources 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.