Jackson Creek Investment Advisors LLC Makes New $1.57 Million Investment in CNX Resources Co. (NYSE:CNX)

Jackson Creek Investment Advisors LLC bought a new stake in CNX Resources Co. (NYSE:CNX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 42,859 shares of the oil and gas producer's stock, valued at approximately $1,572,000.

Several other institutional investors have also recently bought and sold shares of CNX. Callan Family Office LLC bought a new position in CNX Resources in the 4th quarter worth approximately $223,000. Inceptionr LLC acquired a new stake in shares of CNX Resources in the fourth quarter worth $1,787,000. Raymond James Financial Inc. bought a new position in CNX Resources during the fourth quarter worth $14,268,000. Assetmark Inc. raised its stake in CNX Resources by 2.2% during the 4th quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer's stock valued at $32,469,000 after purchasing an additional 19,309 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in CNX Resources by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer's stock valued at $73,357,000 after purchasing an additional 139,647 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Analyst Ratings Changes

CNX has been the topic of several recent research reports. JPMorgan Chase & Co. lowered CNX Resources from a "neutral" rating to an "underweight" rating and lifted their price objective for the stock from $31.00 to $37.00 in a report on Thursday, December 5th. Piper Sandler decreased their price target on shares of CNX Resources from $23.00 to $22.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 29th. Mizuho dropped their price objective 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. StockNews.com downgraded shares of CNX Resources from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Finally, Morgan Stanley started coverage on shares of CNX Resources in a research note on Friday, January 10th. They issued an "underweight" rating and a $29.00 target price on the stock. Nine research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $29.69.

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CNX Resources Stock Down 2.5 %

Shares of CNX Resources stock traded down $0.76 on Tuesday, hitting $29.84. The company had a trading volume of 2,433,298 shares, compared to its average volume of 2,663,335. CNX Resources Co. has a twelve month low of $21.00 and a twelve month high of $41.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32. The stock has a 50-day moving average of $30.09 and a 200-day moving average of $32.92. The firm has a market capitalization of $4.44 billion, a P/E ratio of -43.87, a P/E/G ratio of 0.42 and a beta of 1.26.

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

Insider Transactions at CNX Resources

In other news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.09, for a total value of $33,421,750.00. Following the completion of the transaction, the insider now owns 13,925,000 shares in the company, valued at $432,928,250. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by insiders.

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.