Creative Planning Has $965,000 Stake in Core Natural Resources, Inc. $CNR

Creative Planning lowered its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,832 shares of the energy company’s stock after selling 1,994 shares during the quarter. Creative Planning’s holdings in Core Natural Resources were worth $965,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CNR. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Core Natural Resources in the first quarter valued at approximately $726,000. Cetera Investment Advisers acquired a new stake in shares of Core Natural Resources during the first quarter worth $571,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Core Natural Resources in the 1st quarter valued at $753,000. LPL Financial LLC bought a new stake in Core Natural Resources in the 1st quarter valued at $1,475,000. Finally, Mackenzie Financial Corp bought a new position in Core Natural Resources during the 1st quarter worth about $263,000. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Trading Up 2.0%

Shares of Core Natural Resources stock opened at $79.96 on Monday. The stock has a market cap of $4.10 billion, a P/E ratio of 36.68 and a beta of 0.63. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $133.63. The business’s 50 day moving average is $84.50 and its 200-day moving average is $76.89.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.01. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.05 billion. Core Natural Resources’s revenue was up 74.4% on a year-over-year basis. Equities research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.10 dividend. 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 dividend payout ratio (DPR) is -93.02%.

Insider Buying and Selling

In other news, Director Patrick A. Kriegshauser sold 3,043 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total value of $234,524.01. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard A. Navarre sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 21,830 shares in the company, valued at $1,794,426. The trade was a 18.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 9,043 shares of company stock worth $740,524. Company insiders own 1.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CNR has been the topic of a number of research reports. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and boosted their price target for the company from $90.00 to $125.00 in a report on Friday, October 10th. Benchmark restated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Tuesday, November 25th. Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Finally, UBS Group increased their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Core Natural Resources presently has an average 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.