Core Natural Resources, Inc. (NYSE:CNR) Plans $0.10 Quarterly Dividend

Core Natural Resources, Inc. (NYSE:CNR) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Monday, August 31st will be given a dividend of 0.10 per share by the energy company on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, August 31st.

Core Natural Resources has a payout ratio of 2.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Core Natural Resources to earn $5.33 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.5%.

Core Natural Resources Stock Performance

Shares of CNR stock traded up $6.10 during trading hours on Thursday, reaching $89.78. The stock had a trading volume of 1,089,654 shares, compared to its average volume of 804,355. The firm has a market capitalization of $4.53 billion, a PE ratio of -73.59 and a beta of 0.14. The firm has a 50-day simple moving average of $84.92 and a 200-day simple moving average of $89.95. Core Natural Resources has a twelve month low of $68.78 and a twelve month 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.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, beating the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. As a group, equities analysts forecast that Core Natural Resources will post 2.45 earnings per share for the current year.

Institutional Trading of Core Natural Resources

Several hedge funds have recently added to or reduced their stakes in CNR. Bank of New York Mellon Corp acquired a new position in shares of Core Natural Resources during the second quarter worth approximately $26,071,000. Wedge Capital Management L L P NC raised its stake in Core Natural Resources by 28.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 27,399 shares of the energy company’s stock valued at $2,192,000 after purchasing an additional 6,139 shares during the last quarter. GAMMA Investing LLC raised its stake in Core Natural Resources by 10.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,827 shares of the energy company’s stock valued at $146,000 after purchasing an additional 178 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in Core Natural Resources by 6.2% in the 2nd quarter. Confluence Investment Management LLC now owns 23,555 shares of the energy company’s stock valued at $1,885,000 after purchasing an additional 1,379 shares during the period. Finally, Wealth High Governance Capital Ltda bought a new stake in Core Natural Resources in the 1st quarter valued at $4,406,000. Institutional investors own 86.54% of the company’s stock.

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.