Core Natural Resources, Inc. $CNR Holdings Lowered by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 45.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,047 shares of the energy company’s stock after selling 8,308 shares during the quarter. State of Alaska Department of Revenue’s holdings in Core Natural Resources were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Goehring & Rozencwajg Associates LLC increased its stake in shares of Core Natural Resources by 134.0% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 708,225 shares of the energy company’s stock worth $74,172,000 after buying an additional 405,505 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Core Natural Resources in the second quarter valued at $26,071,000. Encompass Capital Advisors LLC boosted its stake in Core Natural Resources by 122.2% during the 1st quarter. Encompass Capital Advisors LLC now owns 500,000 shares of the energy company’s stock valued at $52,365,000 after acquiring an additional 275,000 shares during the last quarter. Energy Income Partners LLC boosted its stake in Core Natural Resources by 68.9% during the 1st quarter. Energy Income Partners LLC now owns 223,354 shares of the energy company’s stock valued at $23,392,000 after acquiring an additional 91,100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Core Natural Resources by 228.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 85,770 shares of the energy company’s stock valued at $8,979,000 after acquiring an additional 59,683 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CNR has been the subject of several recent analyst reports. UBS Group lowered shares of Core Natural Resources from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $101.00 to $105.00 in a report on Tuesday, August 18th. Zacks Research lowered shares of Core Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Weiss Ratings raised shares of Core Natural Resources from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $105.00.

Core Natural Resources Price Performance

Shares of NYSE CNR opened at $87.62 on Thursday. Core Natural Resources, Inc. has a 1-year low of $74.75 and a 1-year high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.32. The business’s fifty day moving average price is $93.52 and its two-hundred day moving average price is $89.12. The firm has a market capitalization of $4.35 billion, a PE ratio of 2,910.32 and a beta of 0.25.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $1.91. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. On average, research analysts expect that Core Natural Resources, Inc. will post 2.96 EPS for the current year.

Core Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Monday, August 31st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 31st. Core Natural Resources’s dividend payout ratio (DPR) is 20.10%.

Core Natural Resources Company Profile

Core Natural Resources, Inc is a diversified coal producer formed through the combination of Arch Resources and CONSOL Energy, completed in January 2025. The company mines and markets both metallurgical coal, which is used in steelmaking, and thermal coal, which is used primarily for electricity generation and industrial applications.

Core Natural Resources operates mining assets in the United States, including operations in the Appalachian region and the western United States. Its portfolio includes underground and surface mines, and the company also has coal logistics and export capabilities that support deliveries to domestic and international customers.

The company serves electric utilities, steel producers, industrial users and other customers in the United States and overseas.