2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. lessened its holdings in shares of CNX Resources Co. ( NYSE:CNX – Free Report ) by 11.
2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,851 shares of the oil and gas producer’s stock after selling 8,700 shares during the quarter. Russell Investments Group Ltd.
’s holdings in CNX Resources were worth $2,526,000 as of its most recent filing with the SEC. Several other hedge funds have also recently bought and sold shares of the business. Harvest Fund Management Co.
Ltd acquired a new stake in shares of CNX Resources in the fourth quarter worth $39,000. VSM Wealth Advisory LLC acquired a new stake in CNX Resources in the 4th quarter valued at $55,000. Principal Securities Inc.
raised its position in CNX Resources by 38.5% in the fourth quarter. Principal Securities Inc.
now owns 2,484 shares of the oil and gas producer’s stock valued at $91,000 after purchasing an additional 691 shares during the period. Blue Trust Inc. lifted its stake in shares of CNX Resources by 65.
1% during the fourth quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer’s stock worth $119,000 after purchasing an additional 1,280 shares in the last quarter.
Finally, Heck Capital Advisors LLC purchased a new stake in shares of CNX Resources in the fourth quarter worth about $121,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research analysts have recently commented on the stock. Mizuho boosted their target price on shares of CNX Resources from $34.00 to $35.
00 and gave the stock an “underperform” rating in a research report on Monday, April 7th. JPMorgan Chase & Co. raised their target price on CNX Resources from $32.
00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, March 13th. Roth Capital set a $30.
00 price target on CNX Resources in a research note on Thursday, January 23rd. Morgan Stanley restated an “underweight” rating and set a $31.00 price objective on shares of CNX Resources in a report on Tuesday.
Finally, Scotiabank upgraded CNX Resources from a “sector underperform” rating to a “sector perform” rating and set a $33.00 target price for the company in a research note on Friday, April 11th. Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company.
According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.25.
CNX Resources Trading Down 0.2 % Shares of NYSE CNX opened at $30.83 on Friday.
The business has a fifty day simple moving average of $30.30 and a 200-day simple moving average of $33.25.
The company has a market cap of $4.54 billion, a price-to-earnings ratio of -45.34, a P/E/G ratio of 0.
42 and a beta of 1.33. CNX Resources Co.
has a 12 month low of $22.82 and a 12 month high of $41.93.
The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 0.
45. CNX Resources ( NYSE:CNX – Get Free Report ) last released its earnings results on Thursday, January 30th. The oil and gas producer reported $0.
57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14.
CNX Resources had a negative net margin of 7.14% and a positive return on equity of 6.72%.
Sell-side analysts predict that CNX Resources Co. will post 2.18 EPS for the current year.
CNX Resources Profile ( Free Report ) CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.
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