Core Natural Resources, Inc. (NYSE:CNR) Director Sells $663,769.50 in Stock

Core Natural Resources, Inc. (NYSE:CNR) Director Holly K. Koeppel sold 8,815 shares of the company’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the transaction, the director now directly owns 13,348 shares in the company, valued at approximately $1,005,104.40. This trade represents a 39.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Core Natural Resources Price Performance

NYSE:CNR opened at $63.55 on Friday. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 6.61 and a beta of 1.65. The company’s 50-day moving average is $85.31 and its two-hundred day moving average is $125.69. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.44. The firm had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, March 3rd. Core Natural Resources’s dividend payout ratio is currently 4.16%.

Hedge Funds Weigh In On Core Natural Resources

Several institutional investors have recently added to or reduced their stakes in CNR. Quent Capital LLC acquired a new position in shares of Core Natural Resources during the 1st quarter valued at about $66,000. Versant Capital Management Inc purchased a new stake in Core Natural Resources in the first quarter valued at approximately $25,000. Confluence Investment Management LLC acquired a new position in Core Natural Resources during the first quarter worth approximately $682,000. Public Employees Retirement System of Ohio purchased a new position in Core Natural Resources during the fourth quarter worth approximately $706,000. Finally, Captrust Financial Advisors acquired a new position in shares of Core Natural Resources in the 4th quarter valued at $241,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CNR shares. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and lowered their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. B. Riley dropped their price objective on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. StockNews.com assumed coverage on Core Natural Resources in a research report on Thursday, January 30th. They issued a “hold” rating for the company. Finally, Benchmark reiterated a “buy” rating and issued a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.17.

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.