Illinois Municipal Retirement Fund Boosts Holdings in Core Natural Resources, Inc. (NYSE:CNR)

Illinois Municipal Retirement Fund boosted its position in Core Natural Resources, Inc. (NYSE:CNR) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,680 shares of the energy company’s stock after purchasing an additional 249 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Core Natural Resources worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Core Natural Resources by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock worth $78,609,000 after purchasing an additional 31,310 shares in the last quarter. FMR LLC lifted its stake in Core Natural Resources by 159.5% in the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after purchasing an additional 404,249 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Core Natural Resources by 0.3% in 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. lifted its stake in 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 worth $27,746,000 after purchasing an additional 226,069 shares in the last quarter. Finally, Holocene Advisors LP lifted its stake in Core Natural Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after purchasing an additional 202,425 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. B. Riley lowered 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, February 24th. Benchmark reissued a “buy” rating and issued a $112.00 price target on shares of Core Natural Resources in a report on Tuesday, February 25th. StockNews.com assumed coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating on the stock. Piper Sandler raised shares of 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 report on Monday, January 6th. Finally, Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and decreased their price target for the stock 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 issued a buy rating to the stock. According to MarketBeat, Core Natural Resources currently has an average rating of “Moderate Buy” and a consensus price target of $147.17.

Core Natural Resources Price Performance

CNR stock opened at $74.20 on Friday. 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, Inc. has a 52 week low of $71.70 and a 52 week high of $134.59. The firm’s fifty day moving average is $117.54 and its 200 day moving average is $134.97. The firm has a market cap of $2.18 billion, a P/E ratio of 7.72 and a beta of 1.74.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, beating the consensus estimate of $1.63 by $1.44. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The company had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. Research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 0.54%. Core Natural Resources’s payout ratio is currently 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.