James Brock Sells 40,760 Shares of Core Natural Resources (NYSE:CNR) Stock

Core Natural Resources, Inc. (NYSE:CNR) CEO James Brock sold 40,760 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total value of $4,122,874.00. Following the completion of the transaction, the chief executive officer directly owned 100,000 shares in the company, valued at $10,115,000. This represents a 28.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Core Natural Resources Stock Performance

Shares of NYSE:CNR traded up $5.75 during trading on Thursday, hitting $107.29. The stock had a trading volume of 2,193,315 shares, compared to its average volume of 867,455. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $113.57. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of -35.64 and a beta of 0.34. The stock has a 50-day simple moving average of $93.15 and a two-hundred day simple moving average of $86.79.

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

Core Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were 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 was Monday, March 2nd. Core Natural Resources’s payout ratio is presently -13.29%.

Hedge Funds Weigh In On Core Natural Resources

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Core Natural Resources by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 5,669,844 shares of the energy company’s stock valued at $501,838,000 after purchasing an additional 39,557 shares during the period. State Street Corp boosted its holdings in Core Natural Resources by 7.8% during the fourth quarter. State Street Corp now owns 3,707,442 shares of the energy company’s stock worth $328,146,000 after buying an additional 267,925 shares in the last quarter. Geode Capital Management LLC grew its position in Core Natural Resources by 1.7% during the second 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 during the period. Adage Capital Partners GP L.L.C. acquired a new stake in Core Natural Resources during the fourth quarter valued at $86,297,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Core Natural Resources by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 751,224 shares of the energy company’s stock valued at $66,491,000 after buying an additional 40,383 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen cut shares of Core Natural Resources from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. UBS Group upped their price target on shares of Core Natural Resources from $105.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Zacks Research downgraded Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $112.25.

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.