Nuveen LLC Takes Position in Core Natural Resources, Inc. $CNR

Nuveen LLC bought a new stake in Core Natural Resources, Inc. (NYSE:CNR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 136,249 shares of the energy company’s stock, valued at approximately $10,505,000. Nuveen LLC owned about 0.25% of Core Natural Resources at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Core Natural Resources in the 1st quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Core Natural Resources in the 1st quarter valued at about $29,000. Farther Finance Advisors LLC bought a new stake in shares of Core Natural Resources in the 1st quarter valued at about $30,000. Whipplewood Advisors LLC bought a new stake in shares of Core Natural Resources in the 1st quarter valued at about $31,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Core Natural Resources in the 1st quarter valued at about $33,000. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Up 3.5%

CNR stock opened at $72.22 on Friday. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $134.59. The business’s 50 day moving average price is $73.46 and its two-hundred day moving average price is $73.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 33.13 and a beta of 0.66.

Core Natural Resources (NYSE:CNR) last posted its 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). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.04 billion. As a group, analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be given a $0.10 dividend. This represents a dividend yield of 56.0%. The ex-dividend date of this dividend is Friday, August 29th. Core Natural Resources’s payout ratio is currently 18.35%.

Analyst Upgrades and Downgrades

CNR has been the topic of a number of research analyst reports. B. Riley reduced their price target on Core Natural Resources from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. Benchmark reduced their price target on Core Natural Resources from $112.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 9th. UBS Group restated a “buy” rating and set a $86.00 price target (up previously from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Finally, Jefferies Financial Group restated a “hold” rating and set a $78.00 price target (up previously from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.80.

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.