Core Natural Resources, Inc. (NYSE:CNR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,329 shares of the energy company’s stock after selling 8,687 shares during the period. Bank of New York Mellon Corp owned approximately 0.83% of Core Natural Resources worth $21,230,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Core Natural Resources by 4.4% during the third quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock valued at $78,609,000 after buying an additional 31,310 shares in the last quarter. FMR LLC boosted its position in Core Natural Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after acquiring an additional 404,249 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Core Natural Resources by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the energy company’s stock worth $40,317,000 after purchasing an additional 990 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Core Natural Resources by 578.7% in the 3rd quarter. Victory Capital Management Inc. now owns 265,133 shares of the energy company’s stock valued at $27,746,000 after acquiring an additional 226,069 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in shares of Core Natural Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after acquiring an additional 202,425 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

CNR has been the topic of a number of research analyst reports. B. Riley lowered their target price on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, February 24th. StockNews.com initiated coverage on Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating on the stock. Benchmark reiterated a “buy” rating and issued a $112.00 price objective on shares of Core Natural Resources in a research report on Tuesday, February 25th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and dropped their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.17.

Core Natural Resources Price Performance

Shares of NYSE CNR opened at $71.98 on Tuesday. The company has a fifty day moving average price of $109.39 and a 200 day moving average price of $132.76. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. Core Natural Resources, Inc. has a 1-year low of $66.54 and a 1-year high of $134.59. The firm has a market cap of $3.89 billion, a PE ratio of 7.49 and a beta of 1.65.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, topping the consensus estimate of $1.63 by $1.44. The firm had revenue of $595.29 million for the quarter, compared to analysts’ expectations of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.56%. Core Natural Resources’s dividend payout ratio is presently 4.16%.

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.