Public Sector Pension Investment Board Purchases 10,677 Shares of Core Natural Resources, Inc. $CNR

Public Sector Pension Investment Board lifted its position in Core Natural Resources, Inc. (NYSE:CNR) by 5.6% in the third quarter, Holdings Channel.com reports. The firm owned 200,816 shares of the energy company’s stock after purchasing an additional 10,677 shares during the quarter. Public Sector Pension Investment Board’s holdings in Core Natural Resources were worth $16,764,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Core Natural Resources by 27.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock valued at $35,790,000 after purchasing an additional 111,331 shares during the last quarter. Magnolia Group LLC boosted its position in Core Natural Resources by 2.4% during the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after buying an additional 17,500 shares during the period. Osaic Holdings Inc. boosted its position in Core Natural Resources by 711.1% during the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock valued at $1,996,000 after buying an additional 25,087 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Core Natural Resources during the third quarter valued at about $4,369,000. Finally, Geode Capital Management LLC increased its holdings in shares of Core Natural Resources by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock worth $86,318,000 after buying an additional 20,541 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CNR shares. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.38.

Core Natural Resources Stock Up 1.4%

NYSE CNR opened at $91.31 on Friday. The company has a market capitalization of $4.68 billion, a P/E ratio of -30.33 and a beta of 0.34. The stock has a 50 day moving average price of $91.44 and a 200-day moving average price of $83.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 1.60. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $103.50.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share. As a group, equities analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. Core Natural Resources’s payout ratio is presently -13.29%.

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.