First Trust Advisors LP Has $35.04 Million Stock Holdings in Core Natural Resources, Inc. $CNR

First Trust Advisors LP increased its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,574 shares of the energy company’s stock after acquiring an additional 9,156 shares during the quarter. First Trust Advisors LP owned about 0.66% of Core Natural Resources worth $35,040,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CNR. Vanguard Group Inc. raised its holdings in Core Natural Resources by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,669,844 shares of the energy company’s stock worth $501,838,000 after purchasing an additional 39,557 shares during the period. State Street Corp grew its holdings in shares of Core Natural Resources by 7.8% in the 4th quarter. State Street Corp now owns 3,707,442 shares of the energy company’s stock valued at $328,146,000 after buying an additional 267,925 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in shares of Core Natural Resources in the 4th quarter valued at $86,297,000. Charles Schwab Investment Management Inc. increased its position in shares of Core Natural Resources by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,224 shares of the energy company’s stock valued at $66,491,000 after buying an additional 40,383 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its stake in Core Natural Resources by 134.0% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 708,225 shares of the energy company’s stock worth $74,172,000 after buying an additional 405,505 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CNR. Weiss Ratings cut Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. UBS Group dropped their price target on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Core Natural Resources presently has a consensus rating of “Moderate Buy” and an average target price of $112.50.

Core Natural Resources Stock Down 0.9%

Shares of Core Natural Resources stock opened at $82.45 on Tuesday. The business’s 50 day simple moving average is $85.60 and its 200 day simple moving average is $90.72. Core Natural Resources, Inc. has a 52-week low of $68.78 and a 52-week high of $114.80. The firm has a market cap of $4.16 billion, a PE ratio of -67.58 and a beta of 0.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.28 by $0.13. The firm had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The business’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.39 EPS. On average, analysts predict that Core Natural Resources, Inc. will post 2.45 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Core Natural Resources’s payout ratio is currently -32.79%.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.