126,846 Shares in CNX Resources Co. (NYSE:CNX) Acquired by EAM Investors LLC

EAM Investors LLC acquired a new stake in shares of CNX Resources Co. (NYSE:CNX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 126,846 shares of the oil and gas producer's stock, valued at approximately $4,651,000. EAM Investors LLC owned approximately 0.08% of CNX Resources as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CNX. Bessemer Group Inc. raised its position in CNX Resources by 131.5% during the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 526 shares during the period. Xponance Inc. raised its holdings in CNX Resources by 2.9% during the 4th quarter. Xponance Inc. now owns 20,876 shares of the oil and gas producer's stock valued at $766,000 after buying an additional 588 shares during the period. Principal Securities Inc. lifted its position in 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 worth $91,000 after buying an additional 691 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its stake in CNX Resources by 0.8% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 90,301 shares of the oil and gas producer's stock worth $3,311,000 after buying an additional 759 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in CNX Resources during the fourth quarter valued at $39,000. 95.16% of the stock is owned by institutional investors.

CNX Resources Stock Down 0.2 %

Shares of CNX traded down $0.05 during midday trading on Friday, hitting $30.83. 2,288,047 shares of the company's stock traded hands, compared to its average volume of 2,672,792. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of -45.34, a price-to-earnings-growth ratio of 0.42 and a beta of 1.33. CNX Resources Co. has a 1 year low of $22.82 and a 1 year high of $41.93. The firm's fifty day moving average is $30.32 and its 200-day moving average is $33.24.

CNX Resources (NYSE:CNX - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. CNX Resources had a positive return on equity of 6.72% and a negative net margin of 7.14%. As a group, sell-side analysts anticipate that CNX Resources Co. will post 2.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CNX. Piper Sandler cut their price target on shares of CNX Resources from $23.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, January 29th. Bank of America reduced their price target on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. Scotiabank raised CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price objective on the stock in a research report on Friday, April 11th. 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. Finally, Morgan Stanley restated an "underweight" rating and issued a $31.00 price target on shares of CNX Resources in a report on Tuesday. Eight analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, CNX Resources has a consensus rating of "Hold" and an average price target of $31.25.

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.