Wellington Management Group LLP Sells 119,235 Shares of Core Natural Resources, Inc. $CNR

Wellington Management Group LLP decreased its position in Core Natural Resources, Inc. (NYSE:CNR) by 37.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 201,816 shares of the energy company’s stock after selling 119,235 shares during the period. Wellington Management Group LLP owned 0.41% of Core Natural Resources worth $16,149,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNR. Triumph Capital Management bought a new stake in Core Natural Resources during the third quarter worth $25,000. EverSource Wealth Advisors LLC increased its position in shares of Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after purchasing an additional 191 shares during the last quarter. CWM LLC raised its stake in shares of Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares during the period. First Horizon Corp raised its stake in shares of Core Natural Resources by 97.6% during the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after purchasing an additional 165 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Core Natural Resources in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Zacks Research upgraded shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. UBS Group cut shares of Core Natural Resources from a “buy” rating to a “neutral” rating and boosted their target price for the company from $101.00 to $105.00 in a research note on Tuesday, August 18th. Finally, Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Core Natural Resources Stock Performance

NYSE CNR opened at $99.44 on Monday. The stock has a market capitalization of $4.94 billion, a PE ratio of 49.97 and a beta of 0.17. Core Natural Resources, Inc. has a 1 year low of $70.59 and a 1 year high of $114.80. The company’s 50 day simple moving average is $88.22 and its two-hundred day simple moving average is $90.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.32.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. Analysts predict that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Core Natural Resources’s payout ratio is presently 20.10%.

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.