Core Natural Resources, Inc. $CNR Position Increased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Core Natural Resources, Inc. (NYSE:CNR) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,047 shares of the energy company’s stock after purchasing an additional 12,515 shares during the quarter. Victory Capital Management Inc.’s holdings in Core Natural Resources were worth $47,838,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CNR. AdvisorNet Financial Inc raised its stake in shares of Core Natural Resources by 1,290.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after purchasing an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after buying an additional 191 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Core Natural Resources in the 3rd quarter valued at approximately $31,000. Princeton Global Asset Management LLC bought a new stake in shares of Core Natural Resources in the 3rd quarter valued at approximately $43,000. Finally, Financial Consulate Inc. acquired a new position in Core Natural Resources in the third quarter worth approximately $43,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Performance

Shares of NYSE CNR opened at $86.99 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of -28.90 and a beta of 0.34. The business’s 50-day simple moving average is $91.98 and its 200-day simple moving average is $85.42. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $103.50.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The firm’s revenue was up 81.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share. As a group, equities research analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid 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 is Monday, March 2nd. Core Natural Resources’s payout ratio is presently -13.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CNR. Wall Street Zen lowered shares of Core Natural Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday. Benchmark restated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.38.

Core Natural Resources Company 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.