Core Natural Resources, Inc. (NYSE:CNR) Director Holly K. Koeppel Sells 8,815 Shares

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) Director Holly K. Koeppel sold 8,815 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the sale, the director now directly owns 13,348 shares in the company, valued at $1,005,104.40. This trade represents a 39.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Core Natural Resources Trading Up 2.1 %

NYSE:CNR traded up $1.35 on Monday, reaching $65.07. The stock had a trading volume of 1,304,595 shares, compared to its average volume of 1,105,680. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 6.77 and a beta of 1.42. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. 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 firm's fifty day moving average is $83.91 and its two-hundred day moving average is $125.23.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) 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 analyst estimates of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Equities analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

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Core Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Monday, March 3rd. Core Natural Resources's dividend payout ratio is currently 4.16%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CNR shares. StockNews.com started coverage on Core Natural Resources in a report on Thursday, January 30th. They set a "hold" rating for the company. Jefferies Financial Group raised Core Natural Resources from a "hold" rating to a "buy" rating and cut their price target for the stock from $165.00 to $150.00 in a research note 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 note on Monday, February 24th. Piper Sandler upgraded shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Benchmark reiterated a "buy" rating and issued a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.17.

Hedge Funds Weigh In On Core Natural Resources

Several large investors have recently added to or reduced their stakes in CNR. Charles Schwab Investment Management Inc. increased its stake in shares of Core Natural Resources by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the energy company's stock valued at $40,317,000 after acquiring an additional 990 shares during the last quarter. Citigroup Inc. grew its holdings in Core Natural Resources by 53.9% in the third quarter. Citigroup Inc. now owns 45,604 shares of the energy company's stock valued at $4,772,000 after purchasing an additional 15,981 shares during the period. FMR LLC increased its position in Core Natural Resources by 159.5% during the third 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 during the last quarter. BNP Paribas Financial Markets increased its position in Core Natural Resources by 36.8% during the third quarter. BNP Paribas Financial Markets now owns 6,660 shares of the energy company's stock worth $697,000 after purchasing an additional 1,792 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Core Natural Resources during the third quarter worth approximately $540,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

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.