Great Lakes Advisors LLC Acquires New Position in Core Natural Resources, Inc. (NYSE:CNR)

Great Lakes Advisors LLC bought a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,785 shares of the energy company's stock, valued at approximately $1,684,000. Great Lakes Advisors LLC owned approximately 0.05% of Core Natural Resources at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CNR. GAMMA Investing LLC boosted 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 purchasing an additional 143 shares during the period. EverSource Wealth Advisors LLC bought a new position in Core Natural Resources during the fourth quarter worth $26,000. Fortitude Family Office LLC boosted 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 purchasing an additional 104 shares during the period. Smartleaf Asset Management LLC boosted its position in Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after purchasing an additional 100 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock worth $35,000 after purchasing an additional 170 shares during the period. 86.54% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler raised shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. StockNews.com started coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They set a "hold" rating on the stock. B. Riley dropped their price objective on shares of 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 upgraded shares of Core Natural Resources from a "hold" rating to a "buy" rating and decreased their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $112.00 target price on shares of Core Natural Resources in a report on Tuesday, February 25th. 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, the company presently has an average rating of "Moderate Buy" and an average price target of $147.17.

Core Natural Resources Stock Performance

Shares of CNR traded down $1.11 during mid-day trading on Wednesday, hitting $74.26. 896,402 shares of the company's stock were exchanged, compared to its average volume of 1,114,688. Core Natural Resources, Inc. has a 52 week low of $66.54 and a 52 week high of $134.59. The stock's 50-day simple moving average is $101.25 and its 200-day simple moving average is $130.41. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 7.73 and a beta of 1.65. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $1.44. The business 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 12.81% and a return on equity of 23.87%. On average, equities research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. 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.