Magnolia Group LLC Has $63.10 Million Stock Position in Core Natural Resources, Inc. $CNR

Magnolia Group LLC trimmed its stake in Core Natural Resources, Inc. (NYSE:CNR) by 10.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 602,500 shares of the energy company’s stock after selling 67,000 shares during the quarter. Core Natural Resources makes up 11.7% of Magnolia Group LLC’s holdings, making the stock its 3rd largest holding. Magnolia Group LLC owned about 1.19% of Core Natural Resources worth $63,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. acquired a new position in shares of Core Natural Resources in the 4th quarter valued at $86,297,000. State Street Corp raised its holdings in Core Natural Resources by 10.2% during the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock worth $221,044,000 after buying an additional 294,312 shares during the period. Balyasny Asset Management L.P. raised its holdings in Core Natural Resources by 10,023.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock worth $20,624,000 after buying an additional 292,799 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Core Natural Resources during the fourth quarter valued at about $22,741,000. Finally, Thomist Capital Management LP purchased a new stake in Core Natural Resources during the fourth quarter valued at about $20,739,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Core Natural Resources Trading Up 2.1%

Core Natural Resources stock opened at $79.36 on Friday. The company’s fifty day simple moving average is $86.83 and its 200-day simple moving average is $91.32. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. Core Natural Resources, Inc. has a 12 month low of $67.77 and a 12 month high of $114.80. The stock has a market cap of $4.00 billion, a P/E ratio of -65.05 and a beta of 0.15.

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, topping the consensus estimate of $0.28 by $0.13. The business had revenue of $899.48 million during the quarter, compared to analyst estimates of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.Core Natural Resources’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same period last year, the company earned $3.39 earnings per share. As a group, sell-side analysts forecast that Core Natural Resources, Inc. will post 2.45 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is -32.79%.

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.