Zurcher Kantonalbank Zurich Cantonalbank Makes New $753,000 Investment in Core Natural Resources, Inc. (NYSE:CNR)

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Core Natural Resources, Inc. (NYSE:CNR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,764 shares of the energy company’s stock, valued at approximately $753,000.

A number of other institutional investors have also recently modified their holdings of the business. Victory Capital Management Inc. acquired a new position in Core Natural Resources in the 1st quarter worth about $42,950,000. Bank of New York Mellon Corp purchased a new stake in shares of Core Natural Resources in the first quarter valued at approximately $30,034,000. Pacer Advisors Inc. acquired a new position in shares of Core Natural Resources during the 1st quarter worth approximately $23,003,000. Magnolia Group LLC acquired a new position in shares of Core Natural Resources during the 1st quarter worth approximately $22,899,000. Finally, Goehring & Rozencwajg Associates LLC purchased a new position in shares of Core Natural Resources during the 1st quarter valued at approximately $20,729,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Trading Up 2.2%

Shares of CNR opened at $78.22 on Wednesday. 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 $4.12 billion, a PE ratio of 16.16 and a beta of 0.66. The firm’s fifty day moving average is $72.33 and its two-hundred day moving average is $78.96. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($2.01). The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. Research analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 57.0%. Core Natural Resources’s dividend payout ratio (DPR) is presently 8.26%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Benchmark cut their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 9th. UBS Group dropped their target price on shares of Core Natural Resources from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 3rd. Jefferies Financial Group boosted their target price on shares of Core Natural Resources from $67.00 to $78.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, B. Riley decreased their price target on shares of 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.20.

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.