James Brock Sells 40,760 Shares of Core Natural Resources (NYSE:CNR) Stock

Core Natural Resources, Inc. (NYSE:CNR) CEO James Brock sold 40,760 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the sale, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $10,115,000. The trade was a 28.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Core Natural Resources Trading Down 0.1%

CNR opened at $106.95 on Friday. The stock has a market capitalization of $5.43 billion, a PE ratio of -35.53 and a beta of 0.34. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $113.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. The business’s 50 day moving average price is $93.63 and its 200 day moving average price is $87.16.

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

Core Natural Resources Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Core Natural Resources by 27.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock worth $35,790,000 after buying an additional 111,331 shares during the last quarter. Magnolia Group LLC lifted its holdings in shares of Core Natural Resources by 2.4% during the 3rd quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock worth $61,107,000 after acquiring an additional 17,500 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Core Natural Resources in the third quarter worth approximately $4,369,000. Geode Capital Management LLC boosted its position in shares of Core Natural Resources by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock worth $86,318,000 after acquiring an additional 20,541 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Core Natural Resources by 711.1% in the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock valued at $1,996,000 after purchasing an additional 25,087 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNR has been the subject of several recent analyst reports. UBS Group raised their price target on Core Natural Resources from $105.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research cut 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, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.25.

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