Illinois Municipal Retirement Fund Increases Stock Position in Core Natural Resources, Inc. (NYSE:CNR)

Illinois Municipal Retirement Fund raised its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,680 shares of the energy company’s stock after buying an additional 249 shares during the period. Illinois Municipal Retirement Fund’s holdings in Core Natural Resources were worth $1,508,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in shares of 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 during the period. Victory Capital Management Inc. lifted its position 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 worth $27,746,000 after purchasing an additional 226,069 shares during the period. Holocene Advisors LP lifted its position 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 worth $34,588,000 after purchasing an additional 202,425 shares during the period. Trium Capital LLP purchased a new stake in shares of Core Natural Resources in the 4th quarter worth about $21,109,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Core Natural Resources in the 3rd quarter worth about $9,828,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised shares of 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. B. Riley lowered their price target on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Benchmark reissued a “buy” rating and set a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, StockNews.com began coverage on shares of Core Natural Resources in a research report 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 given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.17.

Core Natural Resources Stock Up 1.6 %

NYSE:CNR opened at $74.20 on Friday. The firm has a market cap of $2.18 billion, a P/E ratio of 7.72 and a beta of 1.74. 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 fifty-two week low of $71.70 and a fifty-two week high of $134.59. The firm has a 50-day simple moving average of $117.54 and a two-hundred day simple moving average of $134.97.

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