Fox Run Management L.L.C. Invests $583,000 in CNX Resources Co. (NYSE:CNX)

Fox Run Management L.L.C. acquired a new stake in CNX Resources Co. (NYSE:CNX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 15,885 shares of the oil and gas producer's stock, valued at approximately $583,000.

Several other large investors also recently made changes to their positions in CNX. Xponance Inc. lifted its holdings in CNX Resources by 2.9% in the 4th quarter. Xponance Inc. now owns 20,876 shares of the oil and gas producer's stock worth $766,000 after purchasing an additional 588 shares during the last quarter. Principal Securities Inc. raised 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. SeaBridge Investment Advisors LLC lifted its stake in shares of CNX Resources by 0.8% in 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 last quarter. Harvest Fund Management Co. Ltd acquired a new position in CNX Resources in the 4th quarter valued at $39,000. Finally, Natixis Advisors LLC raised its holdings in CNX Resources by 3.1% in the 3rd quarter. Natixis Advisors LLC now owns 41,644 shares of the oil and gas producer's stock worth $1,356,000 after acquiring an additional 1,241 shares during the period. Institutional investors own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CNX. Raymond James raised CNX Resources from an "underperform" rating to a "market perform" rating in a research report on Tuesday, February 18th. TD Cowen started coverage on CNX Resources in a research note on Wednesday, January 15th. They set a "hold" rating and a $27.00 price objective for the company. Mizuho reduced their price target on shares of CNX Resources from $38.00 to $34.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 14th. Truist Financial raised their price target on CNX Resources from $34.00 to $35.00 and gave the company a "hold" rating in a report on Friday, December 6th. Finally, StockNews.com lowered shares of CNX Resources from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $30.69.

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Insiders Place Their Bets

In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.09, for a total transaction of $33,421,750.00. Following the completion of the transaction, the insider now owns 13,925,000 shares in the company, valued at approximately $432,928,250. This represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.10% of the company's stock.

CNX Resources Trading Up 0.6 %

Shares of CNX stock traded up $0.18 on Friday, hitting $31.66. The stock had a trading volume of 1,105,289 shares, compared to its average volume of 2,663,598. CNX Resources Co. has a twelve month low of $22.82 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. The firm has a market cap of $4.66 billion, a P/E ratio of -46.56, a PEG ratio of 0.42 and a beta of 1.26. The company has a fifty day moving average price of $29.84 and a two-hundred day moving average price of $33.21.

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, topping 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, analysts forecast 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.