LPL Financial LLC decreased its holdings in CNX Resources Co. (NYSE:CNX - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,734 shares of the oil and gas producer's stock after selling 13,706 shares during the quarter. LPL Financial LLC owned about 0.06% of CNX Resources worth $3,107,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Congress Asset Management Co. raised 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 valued at $9,771,000 after buying an additional 17,951 shares during the last quarter. World Investment Advisors LLC acquired a new position in CNX Resources in the 3rd quarter valued at about $534,000. Convergence Investment Partners LLC purchased a new stake in CNX Resources during the 4th quarter valued at approximately $1,556,000. Charles Schwab Investment Management Inc. lifted its position 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 worth $73,357,000 after acquiring an additional 139,647 shares during the period. Finally, Wakefield Asset Management LLLP purchased a new position in shares of CNX Resources in the 4th quarter valued at approximately $1,047,000. Institutional investors and hedge funds own 95.16% of the company's stock.
CNX Resources Price Performance
Shares of CNX traded up $0.15 during mid-day trading on Wednesday, reaching $30.99. 776,691 shares of the company's stock were exchanged, compared to its average volume of 3,163,434. CNX Resources Co. has a 52-week low of $22.82 and a 52-week 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 has a 50-day simple moving average of $30.27 and a two-hundred day simple moving average of $33.28. The company has a market cap of $4.56 billion, a price-to-earnings ratio of -45.57, a PEG ratio of 0.42 and a beta of 1.33.
CNX Resources (NYSE:CNX - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, sell-side analysts predict that CNX Resources Co. will post 2.18 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CNX shares. Scotiabank upgraded shares of CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price objective for the company in a research report on Friday, April 11th. Raymond James raised shares of CNX Resources from an "underperform" rating to a "market perform" rating in a report on Tuesday, February 18th. Roth Capital set a $30.00 price objective on CNX Resources in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, March 13th. Finally, Bank of America decreased their price target on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Eight investment 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. Based on data from MarketBeat, CNX Resources has an average rating of "Hold" and an average price target of $31.25.
Read Our Latest Analysis on CNX
CNX Resources Profile
(
Free Report)
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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