CNX Resources Co. (NYSE:CNX) Stock Position Raised by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its holdings in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 45.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,626 shares of the oil and gas producer's stock after buying an additional 35,807 shares during the period. Edgestream Partners L.P. owned 0.08% of CNX Resources worth $4,203,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CNX. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 valued at $20,087,000 after buying an additional 466,694 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of CNX Resources during the 4th quarter valued at about $14,268,000. Empirical Asset Management LLC bought a new stake in shares of CNX Resources during the 4th quarter valued at about $9,281,000. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $60,607,000 after buying an additional 202,890 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of 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 valued at $7,764,000 after buying an additional 162,247 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.09, for a total transaction of $33,421,750.00. Following the sale, the insider now owns 13,925,000 shares in the company, valued at $432,928,250. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company's stock.

CNX Resources Trading Up 4.4 %

Shares of NYSE:CNX opened at $30.09 on Friday. The company has a 50 day moving average of $30.35 and a 200-day moving average of $32.79. The firm has a market cap 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 twelve month low of $21.00 and a twelve month high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45.

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CNX Resources (NYSE:CNX - Get Free Report) last released its earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, analysts anticipate that CNX Resources Co. will post 2.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CNX has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of CNX Resources from a "neutral" rating to an "underweight" rating and boosted their price objective for the company from $31.00 to $37.00 in a research report on Thursday, December 5th. Raymond James raised shares of CNX Resources from an "underperform" rating to a "market perform" rating in a research note on Tuesday, February 18th. Roth Capital set a $30.00 target price on shares of CNX Resources in a research note on Thursday, January 23rd. StockNews.com lowered shares of CNX Resources from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Finally, Mizuho reduced their target price on shares of CNX Resources from $38.00 to $34.00 and set an "underperform" rating for the company in a research note on Tuesday, January 14th. Nine equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $29.69.

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.

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