LSV Asset Management Trims Holdings in CNX Resources Co. (NYSE:CNX)

LSV Asset Management trimmed its holdings in CNX Resources Co. (NYSE:CNX - Free Report) by 15.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,338,768 shares of the oil and gas producer's stock after selling 238,753 shares during the period. LSV Asset Management owned approximately 0.90% of CNX Resources worth $49,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its holdings in CNX Resources by 131.5% in the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock valued at $34,000 after buying an additional 526 shares during the period. Xponance Inc. increased its position in shares of CNX Resources by 2.9% during the fourth quarter. Xponance Inc. now owns 20,876 shares of the oil and gas producer's stock valued at $766,000 after acquiring an additional 588 shares during the last quarter. Principal Securities Inc. raised its stake in shares of CNX Resources by 38.5% in the 4th quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock valued at $91,000 after acquiring an additional 691 shares during the period. SeaBridge Investment Advisors LLC lifted its holdings in shares of CNX Resources by 0.8% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 90,301 shares of the oil and gas producer's stock worth $3,311,000 after acquiring an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of CNX Resources during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have issued reports on CNX. Roth Capital set a $30.00 target price on CNX Resources in a research report on Thursday, January 23rd. Bank of America decreased their target price 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. TD Cowen began coverage on CNX Resources in a research report on Wednesday, January 15th. They issued a "hold" rating and a $27.00 target price for the company. StockNews.com cut shares of CNX Resources from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. Finally, Mizuho lifted their price objective on shares of CNX Resources from $34.00 to $35.00 and gave the company an "underperform" rating in a report on Monday, April 7th. Eight analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $31.42.

CNX Resources Stock Down 0.1 %

Shares of CNX stock traded down $0.03 on Monday, reaching $30.62. 2,395,297 shares of the stock were exchanged, compared to its average volume of 2,676,194. 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 company has a market capitalization of $4.51 billion, a price-to-earnings ratio of -45.03, a PEG ratio of 0.42 and a beta of 1.33. The business's 50 day moving average price is $30.23 and its 200 day moving average price is $33.29.

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, topping 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%. As a group, sell-side analysts expect 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.