243 Shares in Core Natural Resources, Inc. (NYSE:CNR) Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC acquired a new stake in Core Natural Resources, Inc. (NYSE:CNR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 243 shares of the energy company’s stock, valued at approximately $26,000.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after purchasing an additional 170 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Hosking Partners LLP lifted its holdings in shares of Core Natural Resources by 71.8% during the 4th quarter. Hosking Partners LLP now owns 76,361 shares of the energy company’s stock worth $10,784,000 after acquiring an additional 31,910 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Core Natural Resources during the 4th quarter worth approximately $3,410,000. Finally, New York Life Investment Management LLC bought a new position in Core Natural Resources in the fourth quarter valued at approximately $3,991,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CNR has been the topic of a number of research analyst reports. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Core Natural Resources in a research note on Tuesday, February 25th. B. Riley lowered their target price on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and decreased their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. Finally, StockNews.com assumed coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.17.

Core Natural Resources Stock Down 1.7 %

NYSE:CNR opened at $73.27 on Friday. Core Natural Resources, Inc. has a one year low of $66.54 and a one year high of $134.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The company has a market cap of $3.96 billion, a PE ratio of 7.62 and a beta of 1.65. The firm’s 50 day simple moving average is $98.58 and its 200 day simple moving average is $129.62.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $1.44. The company had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. On average, research analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. Core Natural Resources’s dividend payout ratio (DPR) is 4.16%.

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.