Jump Financial LLC Sells 39,949 Shares of CNX Resources Co. (NYSE:CNX)

Jump Financial LLC lowered its position in CNX Resources Co. (NYSE:CNX - Free Report) by 69.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,309 shares of the oil and gas producer's stock after selling 39,949 shares during the period. Jump Financial LLC's holdings in CNX Resources were worth $635,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CNX. Congress Asset Management Co. increased its holdings in shares of CNX Resources by 7.2% in the fourth quarter. Congress Asset Management Co. now owns 266,447 shares of the oil and gas producer's stock worth $9,771,000 after acquiring an additional 17,951 shares in the last quarter. World Investment Advisors LLC bought a new stake in CNX Resources during the 3rd quarter worth approximately $534,000. Convergence Investment Partners LLC acquired a new stake in CNX Resources during the 4th quarter worth approximately $1,556,000. Charles Schwab Investment Management Inc. lifted its stake in CNX Resources by 7.5% in the fourth 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 buying an additional 139,647 shares in the last quarter. Finally, Wakefield Asset Management LLLP acquired a new position in shares of CNX Resources in the fourth quarter valued at approximately $1,047,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CNX. Stephens raised shares of CNX Resources from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $35.00 to $48.00 in a research report on Tuesday, March 18th. Raymond James upgraded CNX Resources from an "underperform" rating to a "market perform" rating in a report on Tuesday, February 18th. StockNews.com downgraded CNX Resources from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on CNX Resources from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, March 13th. Finally, TD Cowen started coverage on shares of CNX Resources in a research note on Wednesday, January 15th. They set a "hold" rating and a $27.00 price target for the company. Eight equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.17.

CNX Resources Stock Up 1.1 %

Shares of CNX stock opened at $30.31 on Wednesday. CNX Resources Co. has a 52-week low of $22.82 and a 52-week high of $41.93. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of -44.57, a PEG ratio of 0.42 and a beta of 1.33. The firm's 50-day moving average is $30.32 and its 200-day moving average is $33.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.32 and a current ratio of 0.33.

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

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.

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