Insider Selling: Core Natural Resources (NYSE:CNR) CAO Sells $348,156.00 in Stock

Core Natural Resources, Inc. (NYSE:CNR) CAO John Rothka sold 3,800 shares of the business’s stock in a transaction on 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 owned 6,190 shares in the company, valued at $567,127.80. This trade represents a 38.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Core Natural Resources Price Performance

Core Natural Resources stock opened at $99.01 on Friday. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $103.50. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $92.61 and a 200-day moving average price of $86.16. The firm has a market capitalization of $5.05 billion, a PE ratio of -32.89 and a beta of 0.34.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS 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 firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $996.54 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was up 81.8% on a year-over-year basis. As a group, equities research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio is currently -13.29%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Core Natural Resources

A number of institutional investors have recently modified their holdings of CNR. Triumph Capital Management bought a new stake in shares of Core Natural Resources during the third quarter valued at approximately $25,000. AdvisorNet Financial Inc boosted its holdings in shares of Core Natural Resources by 1,290.9% in the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after purchasing an additional 284 shares during the period. EverSource Wealth Advisors LLC grew its stake in Core Natural Resources by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares in the last quarter. CWM LLC grew its stake in Core Natural Resources by 45.7% in the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in Core Natural Resources during the 3rd quarter worth $31,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.