Nisa Investment Advisors LLC Acquires New Position in Core Natural Resources, Inc. (NYSE:CNR)

Nisa Investment Advisors LLC bought a new position in Core Natural Resources, Inc. (NYSE:CNR) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,901 shares of the energy company’s stock, valued at approximately $147,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNR. EverSource Wealth Advisors LLC bought a new position in Core Natural Resources in the fourth quarter valued at $26,000. Versant Capital Management Inc bought a new stake in shares of Core Natural Resources during the 1st quarter worth about $25,000. Farther Finance Advisors LLC bought a new stake in shares of Core Natural Resources during the 1st quarter worth about $30,000. Whipplewood Advisors LLC bought a new stake in shares of Core Natural Resources during the 1st quarter worth about $31,000. Finally, FNY Investment Advisers LLC acquired a new stake in Core Natural Resources in the 1st quarter worth about $57,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CNR. B. Riley dropped 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. Benchmark decreased their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Finally, UBS Group decreased their price target on shares of Core Natural Resources from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.40.

Core Natural Resources Trading Up 4.1%

CNR stock opened at $75.46 on Friday. The company has a market capitalization of $3.97 billion, a PE ratio of 15.59 and a beta of 0.68. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59. The company’s 50 day moving average price is $70.76 and its two-hundred day moving average price is $84.85. 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 (NYSE:CNR) last issued its earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing the consensus estimate of $1.74 by ($3.12). The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations 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, analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

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

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.