Advisors Asset Management Inc. Sells 19,652 Shares of Core Natural Resources, Inc. $CNR

Advisors Asset Management Inc. cut its stake in Core Natural Resources, Inc. (NYSE:CNR) by 39.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,780 shares of the energy company’s stock after selling 19,652 shares during the quarter. Advisors Asset Management Inc. owned about 0.06% of Core Natural Resources worth $2,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SummerHaven Investment Management LLC grew its stake in shares of Core Natural Resources by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company’s stock worth $554,000 after acquiring an additional 190 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in Core Natural Resources by 6.5% in the 2nd quarter. Resonant Capital Advisors LLC now owns 3,401 shares of the energy company’s stock worth $237,000 after purchasing an additional 207 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Core Natural Resources by 4.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,597 shares of the energy company’s stock valued at $321,000 after purchasing an additional 214 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Core Natural Resources by 14.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,223 shares of the energy company’s stock valued at $155,000 after purchasing an additional 289 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Core Natural Resources by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,116 shares of the energy company’s stock valued at $566,000 after purchasing an additional 309 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Up 2.0%

Core Natural Resources stock opened at $79.96 on Friday. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $133.63. The stock has a fifty day moving average of $84.50 and a 200 day moving average of $76.85. 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 stock has a market cap of $4.10 billion, a PE ratio of 36.68 and a beta of 0.63.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share (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 business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources’s revenue was up 74.4% compared to the same quarter last year. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, November 28th. Core Natural Resources’s payout ratio is -93.02%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Core Natural Resources

In other news, CAO John Rothka sold 1,000 shares of Core Natural Resources stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the chief accounting officer owned 10,307 shares in the company, valued at $979,165. This trade represents a 8.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard A. Navarre sold 5,000 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $82.20, for a total value of $411,000.00. Following the completion of the sale, the director owned 21,830 shares of the company’s stock, valued at $1,794,426. This trade represents a 18.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 9,043 shares of company stock valued at $740,524. Insiders own 1.41% of the company’s stock.

Core Natural Resources Company 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.