Proficio Capital Partners LLC Invests $3.41 Million in Core Natural Resources, Inc. (NYSE:CNR)

Proficio Capital Partners LLC purchased a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,149 shares of the energy company's stock, valued at approximately $3,410,000. Proficio Capital Partners LLC owned approximately 0.13% of Core Natural Resources as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. New York Life Investment Management LLC purchased a new stake in Core Natural Resources in the 4th quarter worth $3,991,000. Illinois Municipal Retirement Fund lifted its stake in Core Natural Resources by 2.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 10,680 shares of the energy company's stock worth $1,508,000 after purchasing an additional 249 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Core Natural Resources in the 4th quarter worth $253,000. Principal Financial Group Inc. lifted its stake in Core Natural Resources by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company's stock worth $12,398,000 after purchasing an additional 2,581 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Core Natural Resources by 4.0% in the 4th quarter. Rhumbline Advisers now owns 46,028 shares of the energy company's stock worth $6,500,000 after purchasing an additional 1,787 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CNR shares. StockNews.com started coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating on the stock. Piper Sandler upgraded shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark restated a "buy" rating and issued a $112.00 target price on shares of Core Natural Resources in a report on Tuesday, February 25th. Jefferies Financial Group upgraded shares of Core Natural Resources from a "hold" rating to a "buy" rating and reduced their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Finally, B. Riley reduced their target price on shares of Core Natural Resources from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.17.

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Core Natural Resources Trading Down 3.5 %

NYSE:CNR traded down $2.47 during mid-day trading on Friday, hitting $67.48. 1,710,008 shares of the stock traded hands, compared to its average volume of 1,150,234. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 7.02 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, Inc. has a 52 week low of $66.54 and a 52 week high of $134.59. The firm's 50 day moving average is $110.76 and its two-hundred day moving average is $133.00.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.44. The company 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, equities research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

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