Core Natural Resources, Inc. $CNR Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its position in Core Natural Resources, Inc. (NYSE:CNR) by 39.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,419 shares of the energy company’s stock after selling 10,818 shares during the quarter. Intech Investment Management LLC’s holdings in Core Natural Resources were worth $1,371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in Core Natural Resources by 1.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,596 shares of the energy company’s stock worth $968,000 after purchasing an additional 121 shares in the last quarter. AlphaQuest LLC grew its stake in Core Natural Resources by 4.2% during the third quarter. AlphaQuest LLC now owns 3,085 shares of the energy company’s stock worth $258,000 after buying an additional 124 shares during the period. GAMMA Investing LLC increased its position in shares of Core Natural Resources by 10.0% in the third quarter. GAMMA Investing LLC now owns 1,414 shares of the energy company’s stock worth $118,000 after acquiring an additional 128 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Core Natural Resources by 6.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock valued at $198,000 after acquiring an additional 144 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Core Natural Resources by 18.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,219 shares of the energy company’s stock valued at $104,000 after acquiring an additional 190 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Down 2.2%

Shares of Core Natural Resources stock opened at $86.99 on Friday. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $103.50. The company has a market capitalization of $4.43 billion, a PE ratio of -28.90 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. The business has a 50-day moving average of $91.98 and a 200-day moving average of $85.32.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates 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 was up 81.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 EPS. As a group, equities analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s payout ratio is currently -13.29%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CNR shares. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Wall Street Zen lowered Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Finally, Benchmark restated a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.38.

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.