Teacher Retirement System of Texas Takes $602,000 Position in Core Natural Resources, Inc. (NYSE:CNR)

Teacher Retirement System of Texas purchased a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,807 shares of the energy company’s stock, valued at approximately $602,000.

Several other large investors have also recently bought and sold shares of the business. Spinnaker Trust acquired a new position in shares of Core Natural Resources in the 1st quarter valued at about $251,000. Amalgamated Bank purchased a new stake in Core Natural Resources in the 1st quarter worth approximately $1,120,000. Skylands Capital LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at $18,653,000. KBC Group NV acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at $183,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Core Natural Resources during the 1st quarter valued at $11,600,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Down 2.1%

Shares of CNR stock opened at $73.71 on Wednesday. The stock’s 50 day simple moving average is $70.66 and its 200 day simple moving average is $85.38. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.89. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 15.23 and a beta of 0.68.

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 the consensus estimate 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%. As a group, research analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CNR. UBS Group cut their price target on Core Natural Resources from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 3rd. Benchmark cut their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, B. Riley reduced 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 note on Friday, April 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.40.

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.