Moran Wealth Management LLC Increases Stake in Core Natural Resources, Inc. $CNR

Moran Wealth Management LLC lifted its position in Core Natural Resources, Inc. (NYSE:CNR) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,411 shares of the energy company’s stock after acquiring an additional 5,896 shares during the quarter. Moran Wealth Management LLC’s holdings in Core Natural Resources were worth $2,161,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CNR. State Street Corp raised its position in Core Natural Resources by 10.2% in the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock worth $221,044,000 after purchasing an additional 294,312 shares during the period. Magnolia Group LLC grew its stake in shares of Core Natural Resources by 2.4% during the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after buying an additional 17,500 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Core Natural Resources by 27.1% during the third quarter. JPMorgan Chase & Co. now owns 652,379 shares of the energy company’s stock valued at $54,461,000 after buying an additional 139,188 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Core Natural Resources by 48.9% in the second quarter. Bank of America Corp DE now owns 585,137 shares of the energy company’s stock worth $40,807,000 after buying an additional 192,136 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Core Natural Resources by 2.2% in the third quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock worth $47,838,000 after buying an additional 12,515 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNR has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. UBS Group increased their target price on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen cut shares of Core Natural Resources from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

Core Natural Resources Stock Up 0.1%

Shares of NYSE CNR opened at $86.08 on Monday. Core Natural Resources, Inc. has a 52-week low of $63.36 and a 52-week high of $114.80. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -28.60 and a beta of 0.25. The stock has a 50 day moving average price of $95.21 and a 200 day moving average price of $90.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is currently -13.29%.

Insider Activity

In other Core Natural Resources news, CEO James A. Brock sold 40,760 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 100,000 shares in the company, valued at $10,115,000. This represents a 28.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard A. Navarre sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the transaction, the director directly owned 18,034 shares in the company, valued at $1,653,717.80. This trade represents a 24.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 51,560 shares of company stock worth $5,118,890. Company insiders own 2.49% of the company’s stock.

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.