Renaissance Technologies LLC Buys Shares of 6,400 Core Natural Resources, Inc. $CNR

Renaissance Technologies LLC purchased a new position in shares of Core Natural Resources, Inc. (NYSE:CNR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,400 shares of the energy company’s stock, valued at approximately $670,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Core Natural Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,669,844 shares of the energy company’s stock valued at $501,838,000 after acquiring an additional 39,557 shares during the period. State Street Corp raised its stake 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 worth $328,146,000 after buying an additional 267,925 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in shares of Core Natural Resources in the 4th quarter worth $86,297,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Core Natural Resources by 5.7% in the fourth 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 during the period. Finally, Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Core Natural Resources by 134.0% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 708,225 shares of the energy company’s stock valued at $74,172,000 after buying an additional 405,505 shares during the period. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Zacks Research upgraded shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. UBS Group lowered their price objective on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $112.50.

Core Natural Resources Stock Performance

Shares of NYSE CNR opened at $95.90 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.83 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 48.19 and a beta of 0.14. The stock’s fifty day simple moving average is $84.78 and its 200 day simple moving average is $89.69. Core Natural Resources, Inc. has a 52-week low of $68.78 and a 52-week high of $114.80.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $1.91. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%.The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. As a group, sell-side analysts forecast that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, August 31st. Core Natural Resources’s payout ratio is presently 20.10%.

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.