Hosking Partners LLP Boosts Stock Position in Core Natural Resources, Inc. (NYSE:CNR)

Hosking Partners LLP lifted its holdings in Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 71.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 76,361 shares of the energy company's stock after purchasing an additional 31,910 shares during the period. Hosking Partners LLP owned about 0.42% of Core Natural Resources worth $10,784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNR. Proficio Capital Partners LLC purchased a new stake in Core Natural Resources during the fourth quarter worth $3,410,000. New York Life Investment Management LLC bought a new position in shares of Core Natural Resources in the 4th quarter worth $3,991,000. Illinois Municipal Retirement Fund lifted its stake in shares of Core Natural Resources by 2.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 10,680 shares of the energy company's stock worth $1,508,000 after purchasing an additional 249 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Core Natural Resources during the fourth quarter valued at about $253,000. Finally, Principal Financial Group Inc. grew its stake in Core Natural Resources by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company's stock valued at $12,398,000 after purchasing an additional 2,581 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Stock Performance

Shares of NYSE:CNR traded up $1.00 on Tuesday, hitting $71.00. 959,203 shares of the company were exchanged, compared to its average volume of 1,144,237. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average price is $116.16 and its 200 day moving average price is $134.69. Core Natural Resources, Inc. has a 1-year low of $67.88 and a 1-year high of $134.59. The firm has a market capitalization of $3.84 billion, a P/E ratio of 7.39 and a beta of 1.74.

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Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.44. The business had revenue of $595.29 million for the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. Sell-side analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.56%. Core Natural Resources's dividend payout ratio is currently 4.16%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. B. Riley lowered their price target on shares of Core Natural Resources from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and decreased their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler raised shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $165.00 to $150.00 in a report on Monday, January 6th. StockNews.com assumed coverage on Core Natural Resources in a report on Thursday, January 30th. They set a "hold" rating for the company. Finally, Benchmark reissued a "buy" rating and issued a $112.00 price objective on shares of Core Natural Resources in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.17.

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.