State of Alaska Department of Revenue Acquires 1,642 Shares of Core Natural Resources, Inc. $CNR

State of Alaska Department of Revenue lifted its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,755 shares of the energy company’s stock after acquiring an additional 1,642 shares during the period. State of Alaska Department of Revenue owned 0.06% of Core Natural Resources worth $2,074,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CNR. Vanguard Group Inc. bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $482,793,000. Dimensional Fund Advisors LP bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $225,045,000. American Century Companies Inc. bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $123,526,000. Charles Schwab Investment Management Inc. bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $48,630,000. Finally, Victory Capital Management Inc. bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $42,950,000. Institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNR. UBS Group raised their price objective on shares of Core Natural Resources from $86.00 to $89.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. B. Riley decreased 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 note on Tuesday, July 22nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.40.

Core Natural Resources Stock Performance

Shares of NYSE:CNR opened at $85.77 on Friday. The firm has a market cap of $4.41 billion, a PE ratio of 39.34 and a beta of 0.70. The firm’s 50 day simple moving average is $75.54 and its 200-day simple moving average is $73.40. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $134.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78.

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

Core Natural Resources Dividend Announcement

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

Insider Activity at Core Natural Resources

In related news, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total transaction of $234,524.01. Following the transaction, the director directly owned 23,348 shares of the company’s stock, valued at $1,799,430.36. This trade represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard A. Navarre sold 5,000 shares of Core Natural Resources stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $82.20, for a total transaction of $411,000.00. Following the transaction, the director directly owned 21,830 shares in the company, valued at approximately $1,794,426. The trade was a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.41% of the company’s stock.

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.