Sei Investments Co. Buys 29,624 Shares of Core Natural Resources, Inc. $CNR

Sei Investments Co. grew its stake in Core Natural Resources, Inc. (NYSE:CNR) by 78.3% in the first quarter, HoldingsChannel reports. The fund owned 67,457 shares of the energy company’s stock after acquiring an additional 29,624 shares during the period. Sei Investments Co.’s holdings in Core Natural Resources were worth $7,065,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CNR. CWM LLC increased its holdings in shares of Core Natural Resources by 45.7% in the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Core Natural Resources by 1.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company’s stock worth $666,000 after buying an additional 126 shares in the last quarter. First Horizon Corp boosted its position in Core Natural Resources by 97.6% in the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after buying an additional 165 shares during the last quarter. Abel Hall LLC boosted its position in Core Natural Resources by 6.3% in the 1st quarter. Abel Hall LLC now owns 3,222 shares of the energy company’s stock valued at $337,000 after buying an additional 191 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Core Natural Resources by 84.9% in 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 period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CNR shares. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. UBS Group dropped their price objective on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.50.

Core Natural Resources Stock Performance

CNR stock opened at $80.49 on Tuesday. Core Natural Resources, Inc. has a twelve month low of $68.78 and a twelve month high of $114.80. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.06 billion, a P/E ratio of -65.98 and a beta of 0.15. The business’s fifty day moving average is $85.19 and its 200-day moving average is $90.17.

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

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, May 29th. Core Natural Resources’s payout ratio is presently -32.79%.

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.