Bank of New York Mellon Corp Sells 8,687 Shares of Core Natural Resources, Inc. (NYSE:CNR)

Bank of New York Mellon Corp reduced its stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,329 shares of the energy company's stock after selling 8,687 shares during the period. Bank of New York Mellon Corp owned about 0.83% of Core Natural Resources worth $21,230,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Core Natural Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock valued at $28,000 after buying an additional 104 shares during the period. Quest Partners LLC acquired a new position in shares of Core Natural Resources in the 3rd quarter valued at about $50,000. AdvisorNet Financial Inc acquired a new position in shares of Core Natural Resources in the 4th quarter valued at about $64,000. Finally, KBC Group NV boosted its holdings in shares of Core Natural Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company's stock valued at $79,000 after buying an additional 172 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Core Natural Resources Stock Performance

NYSE:CNR traded up $1.80 during trading hours on Friday, hitting $74.32. 662,783 shares of the company traded hands, compared to its average volume of 1,133,508. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 7.73 and a beta of 1.65. Core Natural Resources, Inc. has a twelve month low of $66.54 and a twelve month high of $134.59. The firm has a 50-day moving average of $105.29 and a 200 day moving average of $131.58. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

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

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, March 3rd. Core Natural Resources's payout ratio is currently 4.16%.

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.