Core Natural Resources (NYSE:CNR) Stock Price Down 4.4% After Insider Selling

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s share price fell 4.4% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $74.32 and last traded at $74.50. 75,519 shares changed hands during trading, a decline of 93% from the average session volume of 1,085,159 shares. The stock had previously closed at $77.92.

Specifically, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. This represents a 39.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

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

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Core Natural Resources Stock Down 6.1 %

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 $85.31 and its 200-day moving average price is $125.68. The company has a market cap of $3.40 billion, a P/E ratio of 6.61 and a beta of 1.65.

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

Core Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.63%. The ex-dividend date was Monday, March 3rd. Core Natural Resources's payout ratio is currently 4.16%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of Core Natural Resources by 4.4% during the third quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company's stock valued at $78,609,000 after buying an additional 31,310 shares during the last quarter. FMR LLC increased its holdings in Core Natural Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company's stock worth $90,862,000 after purchasing an additional 404,249 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Core Natural Resources in the fourth quarter worth approximately $28,790,000. JPMorgan Chase & Co. raised its stake in shares of Core Natural Resources by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 242,941 shares of the energy company's stock worth $25,424,000 after purchasing an additional 611 shares during the last quarter. Finally, Trium Capital LLP bought a new position in shares of Core Natural Resources in the fourth quarter valued at approximately $21,109,000. Institutional investors and hedge funds own 86.54% of the company's stock.

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.