Insider Selling: Core Natural Resources, Inc. (NYSE:CNR) Director Sells 8,815 Shares of Stock

Core Natural Resources, Inc. (NYSE:CNR) Director Holly K. Koeppel sold 8,815 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the transaction, the director now owns 13,348 shares of the company’s stock, valued at approximately $1,005,104.40. This trade represents a 39.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Core Natural Resources Stock Down 4.2 %

NYSE CNR traded down $3.31 during mid-day trading on Wednesday, hitting $74.61. The company’s stock had a trading volume of 672,858 shares, compared to its average volume of 1,095,493. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 7.76 and a beta of 1.65. The company’s 50 day simple moving average is $89.28 and its 200 day simple moving average is $126.91. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. Core Natural Resources, Inc. has a twelve month low of $66.54 and a twelve month high of $134.59.

Core Natural Resources (NYSE:CNR) last posted its 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 company had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Analysts anticipate 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, March 3rd. Core Natural Resources’s dividend payout ratio (DPR) is presently 4.16%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Benchmark reiterated a “buy” rating and set a $112.00 price target on shares of Core Natural Resources in a report on Tuesday, February 25th. StockNews.com started coverage on Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating for the company. B. Riley dropped their price target on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Piper Sandler upgraded shares of 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 research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Core Natural Resources by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the energy company’s stock worth $40,317,000 after acquiring an additional 990 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Core Natural Resources by 53.9% in the 3rd quarter. Citigroup Inc. now owns 45,604 shares of the energy company’s stock worth $4,772,000 after buying an additional 15,981 shares during the last quarter. FMR LLC grew its holdings in shares of Core Natural Resources by 159.5% in the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after acquiring an additional 404,249 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Core Natural Resources by 36.8% during the third quarter. BNP Paribas Financial Markets now owns 6,660 shares of the energy company’s stock worth $697,000 after acquiring an additional 1,792 shares during the period. Finally, Verition Fund Management LLC purchased a new position in Core Natural Resources in the third quarter worth $540,000. Institutional investors own 86.54% of the company’s stock.

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.