Insider Selling: Core Natural Resources (NYSE:CNR) Director Sells 6,000 Shares of Stock

Core Natural Resources, Inc. (NYSE:CNR) Director Richard Navarre sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the transaction, the director directly owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. This represents a 24.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Core Natural Resources Stock Performance

Shares of NYSE:CNR traded up $2.43 during midday trading on Wednesday, hitting $93.78. The company’s stock had a trading volume of 147,348 shares, compared to its average volume of 801,190. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. The stock’s 50 day simple moving average is $92.05 and its 200 day simple moving average is $85.81. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of -31.00 and a beta of 0.34. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week 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 analysts’ consensus estimates of ($0.78) by ($0.76). Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $996.54 million. During the same period last year, the firm posted $1.04 EPS. The company’s revenue was up 81.8% compared to the same quarter last year. As a group, research analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on the company. Zacks Research downgraded Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Wall Street Zen cut Core Natural Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $111.38.

Hedge Funds Weigh In On Core Natural Resources

A number of hedge funds have recently modified their holdings of the stock. Triumph Capital Management acquired a new stake in Core Natural Resources in the 3rd quarter valued at $25,000. AdvisorNet Financial Inc lifted its holdings in shares of Core Natural Resources by 1,290.9% during the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after acquiring an additional 284 shares during the period. 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 valued at $29,000 after purchasing an additional 191 shares in the last quarter. CWM LLC increased 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 purchasing an additional 106 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in Core Natural Resources during the 3rd quarter valued at about $31,000. 86.54% of the stock is owned by institutional investors and hedge funds.

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