American Century Companies Inc. Decreases Stock Position in Core Natural Resources, Inc. $CNR

American Century Companies Inc. trimmed its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,597,164 shares of the energy company’s stock after selling 4,984 shares during the period. American Century Companies Inc. owned approximately 3.10% of Core Natural Resources worth $111,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE bought a new position in shares of Core Natural Resources during the first quarter valued at $47,000. Banque Transatlantique SA purchased a new position in Core Natural Resources in the 1st quarter worth about $59,000. Smartleaf Asset Management LLC bought a new position in Core Natural Resources during the 1st quarter valued at about $69,000. Allworth Financial LP lifted its stake in Core Natural Resources by 4,079.3% during the 2nd quarter. Allworth Financial LP now owns 1,212 shares of the energy company’s stock valued at $85,000 after acquiring an additional 1,183 shares during the period. Finally, Resources Management Corp CT ADV purchased a new stake in shares of Core Natural Resources during the 1st quarter valued at about $88,000. Institutional investors own 86.54% of the company’s stock.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Patrick A. Kriegshauser sold 3,043 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total value of $234,524.01. Following the completion of the transaction, the director directly owned 23,348 shares in the company, valued at $1,799,430.36. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard A. Navarre sold 5,000 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the sale, the director directly owned 21,830 shares of the company’s stock, valued at approximately $1,794,426. This trade represents a 18.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,043 shares of company stock valued at $740,524 over the last 90 days. 1.41% of the stock is currently owned by corporate insiders.

Core Natural Resources Price Performance

NYSE CNR opened at $77.95 on Wednesday. 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 business’s fifty day moving average is $84.38 and its 200 day moving average is $76.73. The company has a market capitalization of $3.99 billion, a PE ratio of 35.76 and a beta of 0.63. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $134.14.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, topping the consensus estimate of ($1.40) 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 billion for the quarter, compared to the consensus estimate of $1.05 billion. The company’s revenue for the quarter was up 74.4% compared to the same quarter last year. Sell-side analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is presently -93.02%.

Wall Street Analyst Weigh In

CNR has been the subject of several research reports. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $125.00 in a report on Friday, October 10th. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a report on Wednesday, November 19th. Finally, UBS Group upped their price objective on Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Core Natural Resources currently has a consensus rating of “Hold” and a consensus target price of $119.10.

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.