Oxbow Advisors LLC Purchases Shares of 58,778 Core Natural Resources, Inc. $CNR

Oxbow Advisors LLC acquired a new position in Core Natural Resources, Inc. (NYSE:CNR) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 58,778 shares of the energy company’s stock, valued at approximately $6,156,000. Oxbow Advisors LLC owned 0.12% of Core Natural Resources at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. GeoSphere Capital Management LLC lifted its holdings in shares of Core Natural Resources by 41.7% during the 4th quarter. GeoSphere Capital Management LLC now owns 85,000 shares of the energy company’s stock worth $7,523,000 after acquiring an additional 25,000 shares during the period. Hosking Partners LLP increased its stake in Core Natural Resources by 211.5% in the fourth quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock valued at $6,168,000 after acquiring an additional 47,315 shares during the period. Nwam LLC bought a new stake in Core Natural Resources in the fourth quarter valued at about $3,112,000. Goehring & Rozencwajg Associates LLC raised its position in Core Natural Resources by 6.1% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 302,720 shares of the energy company’s stock worth $26,794,000 after purchasing an additional 17,368 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Core Natural Resources by 2.2% in the third quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock worth $47,838,000 after purchasing an additional 12,515 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Ratings Changes

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

Core Natural Resources Price Performance

Core Natural Resources stock opened at $79.36 on Friday. The business’s fifty day moving average is $86.63 and its two-hundred day moving average is $91.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70. The firm has a market cap of $4.00 billion, a P/E ratio of -65.05 and a beta of 0.15. Core Natural Resources, Inc. has a 52 week low of $67.77 and a 52 week high of $114.80.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The company had revenue of $899.48 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted $3.39 earnings per share. The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. Equities research analysts forecast that Core Natural Resources, Inc. will post 2.45 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, May 29th. Core Natural Resources’s dividend payout ratio (DPR) is presently -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.