28,259 Shares in Core Natural Resources, Inc. (NYSE:CNR) Bought by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,259 shares of the energy company’s stock, valued at approximately $3,991,000. New York Life Investment Management LLC owned 0.16% of Core Natural Resources at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Core Natural Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Fortitude Family Office LLC grew its holdings in Core Natural Resources by 63.8% in the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after purchasing an additional 104 shares during the period. Quest Partners LLC bought a new position in shares of Core Natural Resources during the third quarter valued at approximately $50,000. AdvisorNet Financial Inc purchased a new position in shares of Core Natural Resources during the fourth quarter valued at approximately $64,000. Finally, KBC Group NV boosted its position in shares of Core Natural Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Up 1.6 %

Shares of Core Natural Resources stock opened at $74.20 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. Core Natural Resources, Inc. has a twelve month low of $71.70 and a twelve month high of $134.59. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 7.72 and a beta of 1.74. The company’s 50 day moving average is $117.54 and its 200 day moving average is $134.97.

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

Core Natural Resources Cuts Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources’s payout ratio is 4.16%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CNR. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. B. Riley reduced their price target on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a report on Monday, February 24th. Benchmark reaffirmed a “buy” rating and issued a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. StockNews.com assumed coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating on the stock. Finally, Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.17.

Core Natural Resources Company 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.