Federated Hermes Inc. Takes Position in Core Natural Resources, Inc. $CNR

Federated Hermes Inc. bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,820 shares of the energy company’s stock, valued at approximately $1,404,000.

Other large investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new position in Core Natural Resources in the third quarter valued at approximately $4,369,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Core Natural Resources by 16.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 10,973 shares of the energy company’s stock valued at $916,000 after acquiring an additional 1,552 shares in the last quarter. Vest Financial LLC increased its stake in shares of Core Natural Resources by 17.4% in the 3rd quarter. Vest Financial LLC now owns 18,511 shares of the energy company’s stock valued at $1,545,000 after acquiring an additional 2,747 shares in the last quarter. Magnolia Group LLC lifted its position 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 valued at $61,107,000 after acquiring an additional 17,500 shares during the period. Finally, Amalgamated Bank boosted its stake in Core Natural Resources by 2.8% during the third quarter. Amalgamated Bank now owns 14,755 shares of the energy company’s stock worth $1,232,000 after acquiring an additional 407 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Price Performance

CNR stock opened at $86.87 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.29 and a current ratio of 1.82. The business has a 50-day simple moving average of $90.11 and a two-hundred day simple moving average of $83.40. The company has a market capitalization of $4.45 billion, a P/E ratio of -202.01 and a beta of 0.34. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $103.50.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, topping the consensus estimate of ($1.40) by $2.01. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The firm’s revenue for the quarter was up 74.4% on a year-over-year basis. Research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CNR has been the subject of several research 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, January 6th. 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 Monday, December 29th. Finally, Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $125.00 in a report on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $111.38.

About Core Natural Resources

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.