MetLife Investment Management LLC Has $6.19 Million Stock Holdings in CNX Resources Co. (NYSE:CNX)

MetLife Investment Management LLC raised its holdings in CNX Resources Co. (NYSE:CNX - Free Report) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 168,910 shares of the oil and gas producer's stock after buying an additional 8,875 shares during the period. MetLife Investment Management LLC owned about 0.11% of CNX Resources worth $6,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Congress Asset Management Co. increased its holdings in CNX Resources by 7.2% during the 4th quarter. Congress Asset Management Co. now owns 266,447 shares of the oil and gas producer's stock worth $9,771,000 after purchasing an additional 17,951 shares in the last quarter. World Investment Advisors LLC bought a new stake in CNX Resources during the third quarter worth $534,000. Convergence Investment Partners LLC purchased a new stake in CNX Resources in the 4th quarter valued at $1,556,000. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 139,647 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new position in CNX Resources during the 4th quarter worth $1,047,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CNX shares. JPMorgan Chase & Co. increased their target price on shares of CNX Resources from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, March 13th. TD Cowen initiated coverage on shares of CNX Resources in a research note on Wednesday, January 15th. They issued a "hold" rating and a $27.00 price objective for the company. Piper Sandler dropped their target price on shares of CNX Resources from $22.00 to $21.00 and set an "underweight" rating on the stock in a research report on Tuesday. Morgan Stanley reaffirmed an "underweight" rating and issued a $31.00 target price on shares of CNX Resources in a report on Tuesday, April 15th. Finally, Roth Capital set a $30.00 price target on CNX Resources in a report on Thursday, January 23rd. Eight 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $31.17.

CNX Resources Price Performance

NYSE CNX opened at $30.31 on Wednesday. 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 market cap of $4.46 billion, a PE ratio of -44.57, a price-to-earnings-growth ratio of 0.42 and a beta of 1.33. CNX Resources Co. has a 52 week low of $22.82 and a 52 week high of $41.93. The firm's 50-day simple moving average is $30.32 and its two-hundred day simple moving average is $33.18.

CNX Resources (NYSE:CNX - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, beating 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.

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.

Want to see what other hedge funds are holding CNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNX Resources Co. (NYSE:CNX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.