553,518 Shares in Core Natural Resources, Inc. $CNR Bought by Northern Trust Corp

Northern Trust Corp bought a new position in shares of Core Natural Resources, Inc. (NYSE:CNR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 553,518 shares of the energy company’s stock, valued at approximately $42,676,000. Northern Trust Corp owned about 1.04% of Core Natural Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNR. Vanguard Group Inc. bought a new position in Core Natural Resources during the first quarter valued at $482,793,000. Dimensional Fund Advisors LP bought a new position in Core Natural Resources during the first quarter valued at $225,045,000. American Century Companies Inc. bought a new position in Core Natural Resources during the first quarter valued at $123,526,000. Charles Schwab Investment Management Inc. bought a new position in Core Natural Resources during the first quarter valued at $48,630,000. Finally, Victory Capital Management Inc. bought a new position in Core Natural Resources during the first quarter valued at $42,950,000. Institutional investors own 86.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CNR. B. Riley lowered their price objective on shares of Core Natural Resources from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Jefferies Financial Group reiterated a “hold” rating and set a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. UBS Group reiterated a “buy” rating and set a $86.00 price objective (up previously from $78.00) on shares of Core Natural Resources in a research report on Friday, August 8th. Finally, Benchmark lowered 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 report on Friday, May 9th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Core Natural Resources currently has an average rating of “Moderate Buy” and a consensus target price of $105.80.

Core Natural Resources Trading Down 0.1%

Shares of CNR opened at $72.72 on Friday. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59. The company has a market cap of $3.74 billion, a P/E ratio of 33.36 and a beta of 0.66. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $73.37 and its 200-day simple moving average is $73.15.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.04 billion. As a group, analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 29th. This represents a yield of 56.0%. Core Natural Resources’s dividend payout ratio (DPR) is presently 18.35%.

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.