New Age Alpha Advisors LLC Takes Position in Core Natural Resources, Inc. $CNR

New Age Alpha Advisors LLC bought a new stake in Core Natural Resources, Inc. (NYSE:CNR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,537 shares of the energy company’s stock, valued at approximately $667,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of 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 valued at $501,838,000 after buying an additional 39,557 shares during the last quarter. State Street Corp raised its holdings in shares of Core Natural Resources by 10.2% in the second quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock valued at $221,044,000 after buying an additional 294,312 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Core Natural Resources by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 652,379 shares of the energy company’s stock valued at $54,461,000 after buying an additional 139,188 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Core Natural Resources by 48.9% in the second quarter. Bank of America Corp DE now owns 585,137 shares of the energy company’s stock valued at $40,807,000 after buying an additional 192,136 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Core Natural Resources by 2.2% in the third quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock valued at $47,838,000 after buying an additional 12,515 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Trading Up 3.9%

NYSE CNR opened at $93.80 on Friday. The stock has a market capitalization of $4.73 billion, a P/E ratio of -76.88 and a beta of 0.14. Core Natural Resources, Inc. has a 52-week low of $64.15 and a 52-week high of $114.80. The firm has a 50-day moving average price of $92.91 and a 200 day moving average price of $90.36. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13. The firm had revenue of $899.48 million during the quarter, compared to analysts’ expectations of $1.06 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The firm’s revenue for the quarter was up 94.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.39 earnings per share. Equities research analysts expect that Core Natural Resources, Inc. will post 1.7 EPS for the current year.

Core Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th 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 of this dividend is Friday, May 29th. Core Natural Resources’s dividend payout ratio is currently -32.79%.

Insiders Place Their Bets

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total transaction of $348,156.00. Following the transaction, the chief accounting officer directly owned 6,190 shares in the company, valued at approximately $567,127.80. This represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard A. Navarre sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the transaction, the director owned 18,034 shares in the company, valued at $1,653,717.80. The trade was a 24.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 51,560 shares of company stock worth $5,118,890. 2.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNR. B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. UBS Group upped their target price on shares of Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings cut shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Core Natural Resources presently has a consensus rating of “Hold” and an average target price of $116.67.

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