Core Natural Resources, Inc. (NYSE:CNR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 60.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,052 shares of the energy company's stock after selling 10,800 shares during the period. New York State Common Retirement Fund's holdings in Core Natural Resources were worth $996,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Core Natural Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock valued at $26,000 after buying an additional 143 shares in the last quarter. Fortitude Family Office LLC grew its stake 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. Quest Partners LLC bought a new stake in shares of Core Natural Resources in the 3rd quarter valued at $50,000. KBC Group NV grew its stake 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. Finally, AdvisorNet Financial Inc acquired a new position in shares of Core Natural Resources during the fourth quarter worth approximately $64,000. Institutional investors own 86.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Benchmark restated a "buy" rating and issued 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 lowered their target price for the company from $165.00 to $150.00 in a report on Monday, January 6th. Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and reduced their price objective for the company from $165.00 to $150.00 in a research note on Monday, January 6th. B. Riley dropped their price target on Core Natural Resources from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, StockNews.com began coverage on Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.17.

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Core Natural Resources Price Performance

Shares of Core Natural Resources stock traded down $2.17 on Friday, hitting $67.78. 658,053 shares of the company traded hands, compared to its average volume of 1,124,411. The stock has a market capitalization of $3.66 billion, a P/E ratio of 7.05 and a beta of 1.74. Core Natural Resources, Inc. has a 52 week low of $67.06 and a 52 week high of $134.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The business has a 50-day simple moving average of $112.14 and a 200 day simple moving average of $133.41.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly 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. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The company had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Research analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Monday, March 3rd. Core Natural Resources's dividend payout ratio (DPR) is presently 4.16%.

Core Natural Resources 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.