Dimensional Fund Advisors LP Lowers Stock Holdings in CNX Resources Co. (NYSE:CNX)

Dimensional Fund Advisors LP decreased its holdings in CNX Resources Co. (NYSE:CNX - Free Report) by 11.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,800,367 shares of the oil and gas producer's stock after selling 1,314,908 shares during the quarter. Dimensional Fund Advisors LP owned 6.58% of CNX Resources worth $359,385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CNX. Bessemer Group Inc. lifted its position in shares of CNX Resources by 131.5% during the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock valued at $34,000 after buying an additional 526 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in CNX Resources during the fourth quarter worth $39,000. VSM Wealth Advisory LLC purchased a new position in CNX Resources during the fourth quarter valued at $55,000. Principal Securities Inc. grew its position in shares of 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. Finally, Blue Trust Inc. increased 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. Hedge funds and other institutional investors own 95.16% of the company's stock.

CNX Resources Trading Down 0.8 %

Shares of NYSE CNX traded down $0.23 during mid-day trading on Friday, reaching $28.83. 1,438,178 shares of the company's stock were exchanged, compared to its average volume of 2,675,675. The company's 50-day moving average is $30.30 and its 200-day moving average is $33.13. 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 firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of -42.37, a PEG ratio of 0.42 and a beta of 1.33. CNX Resources Co. has a 52-week low of $22.82 and a 52-week high of $41.93.

CNX Resources (NYSE:CNX - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share for the quarter, beating 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%. Analysts expect that CNX Resources Co. will post 2.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, March 13th. Scotiabank upgraded CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price target for the company in a research report on Friday, April 11th. Stephens upgraded CNX Resources from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $35.00 to $48.00 in a report on Tuesday, March 18th. StockNews.com lowered shares of CNX Resources from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $31.00 price target on shares of CNX Resources in a research note on Tuesday, April 15th. Eight research 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, the stock has an average rating of "Hold" and a consensus target price of $31.17.

About CNX Resources

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.