Empowered Funds LLC Has $2.71 Million Stake in Core Natural Resources, Inc. (NYSE:CNR)

Empowered Funds LLC trimmed its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 71.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,159 shares of the energy company’s stock after selling 48,865 shares during the period. Empowered Funds LLC owned approximately 0.11% of Core Natural Resources worth $2,706,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew 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 worth $78,609,000 after buying an additional 31,310 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Core Natural Resources during the third quarter worth about $1,488,000. Barclays PLC grew its stake in Core Natural Resources by 143.8% during the third quarter. Barclays PLC now owns 51,602 shares of the energy company’s stock worth $7,130,000 after buying an additional 30,437 shares in the last quarter. FMR LLC grew its stake in Core Natural Resources by 266.2% during the third quarter. FMR LLC now owns 41,874 shares of the energy company’s stock worth $4,382,000 after buying an additional 30,440 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Core Natural Resources by 141.5% during the third quarter. Royce & Associates LP now owns 10,695 shares of the energy company’s stock worth $1,119,000 after buying an additional 6,266 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Stock Up 1.6 %

NYSE:CNR opened at $85.16 on Friday. The firm’s 50 day simple moving average is $135.33 and its 200 day simple moving average is $139.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. Core Natural Resources, Inc. has a one year low of $75.43 and a one year high of $134.59. The company has a market cap of $2.50 billion, a PE ratio of 6.25 and a beta of 1.74.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CNR. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark raised their price target on shares of Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, StockNews.com initiated coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.83.

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.