Assetmark Inc. Purchases 19,309 Shares of CNX Resources Co. (NYSE:CNX)

Assetmark Inc. lifted its holdings in CNX Resources Co. (NYSE:CNX - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 885,429 shares of the oil and gas producer's stock after purchasing an additional 19,309 shares during the period. Assetmark Inc. owned about 0.59% of CNX Resources worth $32,469,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in CNX Resources by 311.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 616,734 shares of the oil and gas producer's stock worth $20,087,000 after acquiring an additional 466,694 shares during the period. Empirical Asset Management LLC bought a new stake in CNX Resources during the 4th quarter worth approximately $9,281,000. Charles Schwab Investment Management Inc. raised its stake in CNX Resources by 12.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,860,817 shares of the oil and gas producer's stock worth $60,607,000 after acquiring an additional 202,890 shares during the period. Empowered Funds LLC raised its stake in CNX Resources by 328.0% during the 4th quarter. Empowered Funds LLC now owns 211,719 shares of the oil and gas producer's stock worth $7,764,000 after acquiring an additional 162,247 shares during the period. Finally, Entropy Technologies LP raised its stake in CNX Resources by 493.9% during the 4th quarter. Entropy Technologies LP now owns 94,657 shares of the oil and gas producer's stock worth $3,471,000 after acquiring an additional 78,719 shares during the period. Institutional investors own 95.16% of the company's stock.

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Insiders Place Their Bets

In other news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of CNX Resources stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.09, for a total transaction of $33,421,750.00. Following the completion of the sale, the insider now directly owns 13,925,000 shares in the company, valued at approximately $432,928,250. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CNX has been the subject of a number of research analyst reports. TD Cowen initiated coverage on shares of CNX Resources in a report on Wednesday, January 15th. They set a "hold" rating and a $27.00 price objective for the company. Piper Sandler cut their price objective on shares of CNX Resources from $23.00 to $22.00 and set an "underweight" rating for the company in a report on Wednesday, January 29th. Morgan Stanley initiated coverage on shares of CNX Resources in a report on Friday, January 10th. They set an "underweight" rating and a $29.00 price objective for the company. Raymond James raised shares of CNX Resources from an "underperform" rating to a "market perform" rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered shares of CNX Resources from a "neutral" rating to an "underweight" rating and increased their price objective for the company from $31.00 to $37.00 in a report on Thursday, December 5th. Nine research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average price target of $29.69.

CNX Resources Trading Up 4.4 %

NYSE CNX traded up $1.27 on Friday, hitting $30.09. 3,017,666 shares of the stock were exchanged, compared to its average volume of 3,714,479. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.32 and a current ratio of 0.33. The stock has a fifty day moving average price of $30.22 and a two-hundred day moving average price of $32.85. The firm has a market capitalization of $4.48 billion, a P/E ratio of -44.24, a P/E/G ratio of 0.42 and a beta of 1.26. CNX Resources Co. has a 52-week low of $21.00 and a 52-week high of $41.93.

CNX Resources (NYSE:CNX - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 EPS 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%. Research analysts forecast that CNX Resources Co. will post 2.18 EPS for the current fiscal year.

CNX Resources Company Profile

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.