Southeast Asset Advisors LLC Sells 146,209 Shares of CNX Resources Co. (NYSE:CNX)

Southeast Asset Advisors LLC lessened its stake in CNX Resources Co. (NYSE:CNX - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,266,206 shares of the oil and gas producer's stock after selling 146,209 shares during the quarter. CNX Resources accounts for about 10.2% of Southeast Asset Advisors LLC's portfolio, making the stock its 3rd largest holding. Southeast Asset Advisors LLC owned about 1.52% of CNX Resources worth $83,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in CNX Resources by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,602,837 shares of the oil and gas producer's stock worth $117,366,000 after acquiring an additional 12,333 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CNX Resources by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer's stock worth $73,357,000 after purchasing an additional 139,647 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in CNX Resources in the 4th quarter valued at about $37,923,000. Assetmark Inc. boosted its holdings in CNX Resources by 2.2% in the 4th quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer's stock worth $32,469,000 after buying an additional 19,309 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in CNX Resources by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 622,503 shares of the oil and gas producer's stock worth $22,827,000 after buying an additional 5,769 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

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Wall Street Analysts Forecast Growth

CNX has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on CNX Resources from $23.00 to $22.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 29th. Mizuho upped their target price on shares of CNX Resources from $34.00 to $35.00 and gave the stock an "underperform" rating in a report on Monday, April 7th. Morgan Stanley set a $33.00 price target on shares of CNX Resources and gave the stock an "underweight" rating in a research note on Wednesday, March 26th. StockNews.com cut shares of CNX Resources from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday, March 13th. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $31.42.

CNX Resources Trading Up 5.7 %

CNX traded up $1.64 during mid-day trading on Friday, hitting $30.60. 3,622,622 shares of the stock were exchanged, compared to its average volume of 2,676,627. The firm's fifty day moving average is $30.20 and its two-hundred day moving average is $33.28. CNX Resources Co. has a 1-year low of $22.82 and a 1-year high of $41.93. The company has a market cap of $4.50 billion, a PE ratio of -45.00, a PEG ratio of 0.42 and a beta of 1.33. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45.

CNX Resources (NYSE:CNX - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (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%. Equities analysts forecast that CNX Resources Co. will post 2.18 earnings per share 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.