Core Natural Resources, Inc. (NYSE:CNR) Stake Trimmed by Skylands Capital LLC

Skylands Capital LLC trimmed its stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,905 shares of the energy company's stock after selling 65,385 shares during the period. Core Natural Resources accounts for about 3.3% of Skylands Capital LLC's investment portfolio, making the stock its 5th biggest holding. Skylands Capital LLC owned about 0.91% of Core Natural Resources worth $23,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of CNR. GAMMA Investing LLC lifted 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 valued at $26,000 after buying an additional 143 shares during the period. Fortitude Family Office LLC increased its stake in shares of Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock worth $28,000 after acquiring an additional 104 shares in the last quarter. Quest Partners LLC purchased a new position in Core Natural Resources during the 3rd quarter valued at about $50,000. KBC Group NV boosted its stake in Core Natural Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company's stock worth $79,000 after acquiring an additional 172 shares in the last quarter. Finally, AdvisorNet Financial Inc purchased a new stake in Core Natural Resources in the fourth quarter worth about $64,000. Institutional investors own 86.54% of the company's stock.

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Core Natural Resources Price Performance

NYSE CNR traded down $2.03 during trading hours on Thursday, reaching $73.22. The company's stock had a trading volume of 837,849 shares, compared to its average volume of 1,149,825. 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 1 year low of $72.97 and a 1 year high of $134.59. The firm's 50-day moving average price is $120.21 and its 200-day moving average price is $135.74. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 7.62 and a beta of 1.74.

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

Core Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources's dividend payout ratio is presently 4.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CNR shares. B. Riley dropped their price target 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. Benchmark reissued a "buy" rating and issued a $112.00 target price on shares of Core Natural Resources in a research report on Tuesday. Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and dropped their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. StockNews.com initiated coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They set a "hold" rating for the company. Finally, Piper Sandler raised 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.17.

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.