Moran Wealth Management LLC Purchases 8,104 Shares of Core Natural Resources, Inc. $CNR

Moran Wealth Management LLC grew its position in Core Natural Resources, Inc. (NYSE:CNR) by 33.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,515 shares of the energy company’s stock after purchasing an additional 8,104 shares during the period. Moran Wealth Management LLC’s holdings in Core Natural Resources were worth $3,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in Core Natural Resources in the 3rd quarter valued at about $25,000. CWM LLC lifted its position in shares of Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after buying an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after buying an additional 191 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Core Natural Resources in the fourth quarter valued at approximately $38,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Core Natural Resources by 11,140.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the energy company’s stock valued at $50,000 after acquiring an additional 557 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNR. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th. UBS Group lowered their target price on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Four equities 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.67.

Core Natural Resources Price Performance

Core Natural Resources stock opened at $79.36 on Monday. The firm has a market capitalization of $4.00 billion, a P/E ratio of -65.05 and a beta of 0.15. Core Natural Resources, Inc. has a one year low of $67.77 and a one year high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.70 and a quick ratio of 1.21. The business has a fifty day moving average price of $86.63 and a 200-day moving average price of $91.28.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.13. The firm had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The company’s revenue was up 94.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.39 earnings per share. As a group, equities research analysts forecast that Core Natural Resources, Inc. will post 2.45 EPS for the current year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Core Natural Resources’s payout ratio is currently -32.79%.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.