Allspring Global Investments Holdings LLC Acquires 25,306 Shares of Core Natural Resources, Inc. (NYSE:CNR)

Allspring Global Investments Holdings LLC increased its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 40.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 87,739 shares of the energy company's stock after purchasing an additional 25,306 shares during the period. Allspring Global Investments Holdings LLC owned 0.48% of Core Natural Resources worth $12,555,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its position in Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock worth $26,000 after acquiring an additional 143 shares during the last quarter. Fortitude Family Office LLC lifted its position in Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock worth $28,000 after acquiring an additional 104 shares during the last quarter. Quest Partners LLC acquired a new stake in Core Natural Resources during the third quarter worth approximately $50,000. AdvisorNet Financial Inc acquired a new stake in Core Natural Resources during the fourth quarter worth approximately $64,000. Finally, KBC Group NV lifted its position in Core Natural Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company's stock worth $79,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 86.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark raised their price objective on shares of Core Natural Resources from $105.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. Jefferies Financial Group upgraded shares of Core Natural Resources from a "hold" rating to a "buy" rating and cut their price objective for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler upgraded shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, StockNews.com assumed coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They issued a "hold" rating for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Core Natural Resources presently has an average rating of "Moderate Buy" and an average price target of $158.83.

Core Natural Resources Price Performance

CNR traded down $4.23 during trading on Friday, hitting $77.56. 1,203,822 shares of the stock traded hands, compared to its average volume of 1,136,510. Core Natural Resources, Inc. has a twelve month low of $74.74 and a twelve month high of $134.59. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 5.69 and a beta of 1.74. 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 business has a 50 day moving average price of $126.21 and a 200 day moving average price of $137.24.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $1.44. The firm had revenue of $595.29 million for the quarter, compared to analysts' expectations of $493.50 million. Core Natural Resources had a net margin of 18.02% and a return on equity of 28.96%. Equities research analysts forecast that Core Natural Resources, Inc. will post 10.84 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. Core Natural Resources's payout ratio is presently 7.34%.

Core Natural Resources 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.