State of New Jersey Common Pension Fund D Sells 3,576 Shares of Core Natural Resources, Inc. (NYSE:CNR)

State of New Jersey Common Pension Fund D lowered its position in Core Natural Resources, Inc. (NYSE:CNR) by 22.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,531 shares of the energy company’s stock after selling 3,576 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.07% of Core Natural Resources worth $1,770,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its position in Core Natural Resources by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company’s stock valued at $1,243,000 after purchasing an additional 100 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Core Natural Resources by 63.8% during the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock valued at $28,000 after buying an additional 104 shares in the last quarter. GAMMA Investing LLC increased its position in Core Natural Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. KBC Group NV lifted its stake in shares of Core Natural Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after buying an additional 172 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Core Natural Resources by 10.3% during the third quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock valued at $353,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Benchmark restated a “buy” rating and set a $112.00 price target on shares of Core Natural Resources in a research note on Tuesday. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and cut their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. B. Riley dropped their target price on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday. Finally, StockNews.com initiated coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.17.

Core Natural Resources Stock Down 2.0 %

CNR opened at $74.17 on Wednesday. The company has a fifty day moving average of $123.12 and a two-hundred day moving average of $136.57. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 7.72 and a beta of 1.74. Core Natural Resources, Inc. has a fifty-two week low of $73.09 and a fifty-two week high of $134.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.44. The firm had revenue of $595.29 million during the quarter, compared to analyst estimates of $493.50 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. On average, research analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, March 3rd. Core Natural Resources’s payout ratio is 4.16%.

Core Natural Resources 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.