Goehring & Rozencwajg Associates LLC Has $74.17 Million Stake in Core Natural Resources, Inc. $CNR

Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 134.0% in the 1st quarter, Holdings Channel reports. The firm owned 708,225 shares of the energy company’s stock after acquiring an additional 405,505 shares during the period. Core Natural Resources comprises 4.0% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 9th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Core Natural Resources were worth $74,172,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CNR. GeoSphere Capital Management LLC raised its stake in Core Natural Resources by 41.7% in the fourth quarter. GeoSphere Capital Management LLC now owns 85,000 shares of the energy company’s stock valued at $7,523,000 after purchasing an additional 25,000 shares in the last quarter. Nwam LLC purchased a new position in Core Natural Resources in the 4th quarter worth approximately $3,112,000. Hosking Partners LLP increased its holdings in shares of Core Natural Resources by 211.5% in the 4th quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock worth $6,168,000 after buying an additional 47,315 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new position in shares of Core Natural Resources in the 4th quarter worth $9,070,000. Finally, Marnell Management LLC purchased a new stake in shares of Core Natural Resources during the 4th quarter valued at $6,031,000. 86.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CNR shares. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial reissued a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. Weiss Ratings downgraded Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th. Finally, UBS Group cut their price objective on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.67.

Core Natural Resources Trading Down 0.1%

CNR stock opened at $86.38 on Thursday. The company has a market capitalization of $4.35 billion, a PE ratio of -70.80 and a beta of 0.15. Core Natural Resources, Inc. has a one year low of $68.78 and a one year high of $114.80. The company’s 50 day moving average price is $85.68 and its two-hundred day moving average price is $90.99. 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 announced its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The firm had revenue of $899.48 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business posted $3.39 EPS. The business’s quarterly revenue was up 94.7% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s payout ratio is currently -32.79%.

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.