Geode Capital Management LLC Lowers Stock Holdings in Core Natural Resources, Inc. $CNR

Geode Capital Management LLC decreased its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,204,139 shares of the energy company’s stock after selling 13,685 shares during the period. Geode Capital Management LLC’s holdings in Core Natural Resources were worth $106,603,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in Core Natural Resources during the third quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after purchasing an additional 191 shares in the last quarter. CWM LLC raised its position in Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Farther Finance Advisors LLC raised its position in Core Natural Resources by 60.5% during the fourth quarter. Farther Finance Advisors LLC now owns 642 shares of the energy company’s stock valued at $57,000 after purchasing an additional 242 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Core Natural Resources by 666.7% during the third quarter. Parallel Advisors LLC now owns 690 shares of the energy company’s stock valued at $58,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Down 5.8%

Shares of NYSE:CNR opened at $93.14 on Friday. The stock’s 50-day moving average price is $91.42 and its 200-day moving average price is $90.68. Core Natural Resources, Inc. has a 12-month low of $64.57 and a 12-month high of $114.80. The stock has a market capitalization of $4.70 billion, a P/E ratio of -76.34 and a beta of 0.14. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The firm had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned $3.39 earnings per share. The company’s revenue for the quarter was up 94.7% compared to the same quarter last year. On average, equities analysts anticipate that Core Natural Resources, Inc. will post 1.7 earnings per share for the current year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, May 29th. Core Natural Resources’s dividend payout ratio (DPR) is -32.79%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. UBS Group raised their price objective on Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $116.67.

Insider Transactions at Core Natural Resources

In other news, Director Richard A. Navarre sold 6,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the completion of the sale, the director directly owned 18,034 shares in the company, valued at approximately $1,653,717.80. This represents a 24.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO John Rothka sold 1,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $97.66, for a total transaction of $97,660.00. Following the sale, the chief accounting officer owned 5,190 shares of the company’s stock, valued at approximately $506,855.40. This represents a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 51,560 shares of company stock worth $5,118,890. Company insiders own 2.49% of the company’s stock.

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.