Empirical Finance LLC Sells 2,727 Shares of Core Natural Resources, Inc. (NYSE:CNR)

Empirical Finance LLC reduced its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 42.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,743 shares of the energy company’s stock after selling 2,727 shares during the period. Empirical Finance LLC’s holdings in Core Natural Resources were worth $529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its holdings in shares of Core Natural Resources by 63.8% during the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after buying an additional 104 shares during the period. GAMMA Investing LLC lifted its position in Core Natural Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after acquiring an additional 143 shares during the last quarter. KBC Group NV boosted its holdings in Core Natural Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after acquiring an additional 172 shares during the period. Sanctuary Advisors LLC grew its position in shares of Core Natural Resources by 10.3% in the third quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock valued at $353,000 after purchasing an additional 238 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its position in shares of Core Natural Resources by 3.1% in the third quarter. Accurate Wealth Management LLC now owns 9,277 shares of the energy company’s stock valued at $1,326,000 after purchasing an additional 277 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CNR shares. Benchmark increased their target price on Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and dropped their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, StockNews.com assumed coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.83.

Core Natural Resources Trading Up 3.0 %

Shares of CNR opened at $85.92 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 6.31 and a beta of 1.74. The stock has a fifty day moving average price of $140.25 and a two-hundred day moving average price of $140.96. Core Natural Resources, Inc. has a 52-week low of $75.43 and a 52-week high of $134.59.

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.