Dimensional Fund Advisors LP Sells 842,589 Shares of Core Natural Resources, Inc. $CNR

Dimensional Fund Advisors LP decreased its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 34.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,603,335 shares of the energy company’s stock after selling 842,589 shares during the quarter. Dimensional Fund Advisors LP owned 3.13% of Core Natural Resources worth $133,848,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its stake in shares of Core Natural Resources by 1,290.9% in the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after purchasing an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Core Natural Resources by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after purchasing an additional 191 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Core Natural Resources during the third quarter valued at approximately $31,000. Princeton Global Asset Management LLC bought a new stake in Core Natural Resources during the third quarter worth $43,000. Finally, Financial Consulate Inc. bought a new stake in Core Natural Resources during the third quarter worth $43,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insiders Place Their Bets

In related news, CAO John Rothka sold 3,800 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total transaction of $348,156.00. Following the completion of the transaction, the chief accounting officer owned 6,190 shares in the company, valued at approximately $567,127.80. This represents a 38.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard A. Navarre sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the sale, the director owned 18,034 shares of the company’s stock, valued at $1,653,717.80. This trade represents a 24.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CNR. Wall Street Zen cut Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.38.

Core Natural Resources Stock Performance

CNR stock opened at $95.73 on Thursday. The firm has a market cap of $4.88 billion, a PE ratio of -31.80 and a beta of 0.34. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $92.20 and a 200-day moving average of $85.88. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $103.50.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. During the same period in the previous year, the business posted $1.04 earnings per share. The business’s revenue was up 81.8% compared to the same quarter last year. As a group, sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, March 2nd. Core Natural Resources’s payout ratio is presently -13.29%.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.