Core Natural Resources, Inc. (NYSE:CNR) Shares Sold by Skylands Capital LLC

Skylands Capital LLC decreased its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 28.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,905 shares of the energy company’s stock after selling 65,385 shares during the period. Core Natural Resources comprises 3.3% of Skylands Capital LLC’s holdings, making the stock its 5th largest holding. Skylands Capital LLC’s holdings in Core Natural Resources were worth $23,288,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of Core Natural Resources by 94.9% during the 3rd quarter. Creative Planning now owns 5,287 shares of the energy company’s stock valued at $730,000 after purchasing an additional 2,575 shares during the last quarter. Blue Trust Inc. grew its position in Core Natural Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock worth $149,000 after acquiring an additional 642 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Core Natural Resources by 437.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company’s stock worth $8,626,000 after purchasing an additional 50,819 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Core Natural Resources during the third quarter valued at about $10,032,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Core Natural Resources by 86.1% during the third quarter. Arkadios Wealth Advisors now owns 5,668 shares of the energy company’s stock worth $593,000 after purchasing an additional 2,623 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Stock Down 5.2 %

Shares of NYSE:CNR opened at $77.56 on Monday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 8.07 and a beta of 1.74. Core Natural Resources, Inc. has a one year low of $74.74 and a one year high of $134.59. The firm has a fifty day moving average price of $124.67 and a two-hundred day moving average price of $136.91. 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 (NYSE:CNR) last posted 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 analyst estimates of $493.50 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. Analysts anticipate 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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, March 3rd. Core Natural Resources’s dividend payout ratio (DPR) is currently 4.16%.

Wall Street Analysts Forecast Growth

CNR has been the topic of several recent research reports. StockNews.com assumed coverage on Core Natural Resources in a report on Thursday, January 30th. They set a “hold” rating on the stock. Jefferies Financial Group raised 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 report on Monday, January 6th. Benchmark increased their target price on Core Natural Resources from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $165.00 to $150.00 in a report on Monday, January 6th. 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

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.