State of New Jersey Common Pension Fund D Sells 3,576 Shares of Core Natural Resources, Inc. (NYSE:CNR)

State of New Jersey Common Pension Fund D decreased its position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 22.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,531 shares of the energy company's stock after selling 3,576 shares during the period. State of New Jersey Common Pension Fund D owned about 0.07% of Core Natural Resources worth $1,770,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in Core Natural Resources by 1.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company's stock worth $1,243,000 after purchasing an additional 100 shares during the period. Fortitude Family Office LLC boosted its stake in 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 purchasing an additional 104 shares during the period. GAMMA Investing LLC boosted its stake in Core Natural Resources by 340.5% in the 4th 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. KBC Group NV boosted its stake in Core Natural Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company's stock worth $79,000 after purchasing an additional 172 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in Core Natural Resources by 10.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company's stock worth $353,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 86.54% of the company's stock.

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Core Natural Resources Stock Up 1.6 %

Shares of CNR stock traded up $1.16 on Friday, hitting $74.20. The company's stock had a trading volume of 1,351,693 shares, compared to its average volume of 1,155,000. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. Core Natural Resources, Inc. has a fifty-two week low of $71.70 and a fifty-two week high of $134.59. The firm's fifty day moving average price is $117.54 and its 200-day moving average price is $134.92. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 7.72 and a beta of 1.74.

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. 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 during the quarter, compared to analyst estimates of $493.50 million. Research analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources's payout ratio is presently 4.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CNR. Piper Sandler raised shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and decreased their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark reissued a "buy" rating and set a $112.00 target price on shares of Core Natural Resources in a research note on Tuesday. StockNews.com initiated coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They set a "hold" rating for the company. Finally, B. Riley decreased their target price 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. 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.17.

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.