NWF Advisory Services Inc. Lowers Stake in Core Natural Resources, Inc. $CNR

NWF Advisory Services Inc. cut its stake in Core Natural Resources, Inc. (NYSE:CNR) by 85.9% during the second quarter, HoldingsChannel reports. The fund owned 5,465 shares of the energy company’s stock after selling 33,340 shares during the quarter. NWF Advisory Services Inc.’s holdings in Core Natural Resources were worth $381,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CNR. State Street Corp boosted its position in Core Natural Resources by 10.2% during the second quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock valued at $221,044,000 after purchasing an additional 294,312 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Core Natural Resources during the first quarter valued at about $225,045,000. Geode Capital Management LLC boosted its holdings in shares of Core Natural Resources by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock valued at $86,318,000 after buying an additional 20,541 shares in the last quarter. Magnolia Group LLC grew its position in shares of Core Natural Resources by 140.6% in the 2nd quarter. Magnolia Group LLC now owns 714,500 shares of the energy company’s stock worth $49,829,000 after buying an additional 417,500 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Core Natural Resources by 48.9% during the 2nd quarter. Bank of America Corp DE now owns 585,137 shares of the energy company’s stock worth $40,807,000 after acquiring an additional 192,136 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Core Natural Resources news, Director Richard A. Navarre sold 5,000 shares of Core Natural Resources stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the sale, the director directly owned 21,830 shares in the company, valued at approximately $1,794,426. The trade was a 18.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patrick A. Kriegshauser sold 3,043 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total transaction of $234,524.01. Following the completion of the sale, the director directly owned 23,348 shares in the company, valued at $1,799,430.36. This trade represents a 11.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 9,043 shares of company stock valued at $740,524. 2.02% of the stock is owned by insiders.

Core Natural Resources Stock Performance

Shares of CNR opened at $85.08 on Tuesday. The stock has a 50-day moving average of $84.36 and a two-hundred day moving average of $77.76. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $117.04. 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 stock has a market cap of $4.36 billion, a P/E ratio of -197.85 and a beta of 0.40.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.40) by $2.01. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.05 billion. Core Natural Resources’s quarterly revenue was up 74.4% compared to the same quarter last year. As a group, research analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, November 28th. Core Natural Resources’s dividend payout ratio is -93.02%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CNR shares. UBS Group raised their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $125.00 in a research report on Friday, October 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 8th. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Benchmark reissued a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Core Natural Resources presently has an average rating of “Moderate Buy” and an average price target of $119.10.

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.