Dynamic Technology Lab Private Ltd Invests $493,000 in CNX Resources Co. (NYSE:CNX)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of CNX Resources Co. (NYSE:CNX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,454 shares of the oil and gas producer's stock, valued at approximately $493,000.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of CNX Resources during the 4th quarter worth $37,923,000. Raymond James Financial Inc. purchased a new stake in shares of CNX Resources in the 4th quarter valued at $14,268,000. Empirical Asset Management LLC acquired a new position in CNX Resources in the 4th quarter valued at about $9,281,000. ExodusPoint Capital Management LP purchased a new stake in CNX Resources during the fourth quarter worth about $8,072,000. Finally, Empowered Funds LLC lifted its position in shares of CNX Resources by 328.0% during the fourth quarter. Empowered Funds LLC now owns 211,719 shares of the oil and gas producer's stock worth $7,764,000 after purchasing an additional 162,247 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CNX. Bank of America decreased their price target on shares of CNX Resources from $32.00 to $27.00 and set an "underperform" rating for the company in a research note on Tuesday, April 1st. Stephens raised CNX Resources from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $35.00 to $48.00 in a report on Tuesday, March 18th. Roth Capital set a $30.00 target price on shares of CNX Resources in a report on Thursday, January 23rd. StockNews.com cut shares of CNX Resources from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. Finally, Mizuho lifted their target price on CNX Resources from $34.00 to $35.00 and gave the stock an "underperform" rating in a research report on Monday, April 7th. Eight investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, CNX Resources currently has a consensus rating of "Hold" and a consensus price target of $31.42.

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CNX Resources Trading Up 0.8 %

NYSE:CNX traded up $0.23 during trading hours on Monday, hitting $30.88. 250,256 shares of the stock were exchanged, compared to its average volume of 2,667,817. The company has a market capitalization of $4.55 billion, a P/E ratio of -45.41, a price-to-earnings-growth ratio of 0.42 and a beta of 1.33. CNX Resources Co. has a twelve month low of $22.82 and a twelve 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. The company's 50 day moving average is $30.20 and its two-hundred day moving average is $33.30.

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%. On average, sell-side analysts anticipate that CNX Resources Co. will post 2.18 earnings per share for the current fiscal year.

CNX Resources 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.