Richard Navarre Sells 6,000 Shares of Core Natural Resources (NYSE:CNR) Stock

Core Natural Resources, Inc. (NYSE:CNR) Director Richard Navarre sold 6,000 shares of Core Natural Resources stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the sale, the director owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. The trade was a 24.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Core Natural Resources Price Performance

CNR stock opened at $99.95 on Friday. The firm has a 50 day simple moving average of $92.43 and a two-hundred day simple moving average of $85.98. The stock has a market cap of $5.10 billion, a PE ratio of -33.21 and a beta of 0.34. Core Natural Resources, Inc. has a one year low of $58.19 and a one year high of $103.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. During the same quarter last year, the business posted $1.04 EPS. The business’s quarterly revenue was up 81.8% compared to the same quarter last year. On average, analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is presently -13.29%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Corient Private Wealth LLC grew its position in Core Natural Resources by 122.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,945 shares of the energy company’s stock worth $526,000 after acquiring an additional 3,271 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Core Natural Resources during the fourth quarter valued at approximately $1,567,000. Regal Partners Ltd purchased a new stake in shares of Core Natural Resources during the fourth quarter valued at approximately $4,148,000. Empowered Funds LLC grew its holdings in shares of Core Natural Resources by 8.0% in the fourth quarter. Empowered Funds LLC now owns 19,533 shares of the energy company’s stock worth $1,729,000 after purchasing an additional 1,440 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Core Natural Resources in the fourth quarter worth approximately $423,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group upped their price objective on Core Natural Resources from $105.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Core Natural Resources presently has an average rating of “Hold” and an average price target of $112.25.

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.