CNX Resources Co. (NYSE:CNX) Stake Boosted by Riverwater Partners LLC

Riverwater Partners LLC grew its stake in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 124.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,363 shares of the oil and gas producer's stock after buying an additional 81,092 shares during the quarter. CNX Resources accounts for approximately 2.4% of Riverwater Partners LLC's portfolio, making the stock its 4th largest holding. Riverwater Partners LLC owned about 0.10% of CNX Resources worth $4,839,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its position in CNX Resources by 3.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,135 shares of the oil and gas producer's stock valued at $428,000 after buying an additional 442 shares during the period. Pullen Investment Management LLC raised its stake in shares of CNX Resources by 2.3% during the second quarter. Pullen Investment Management LLC now owns 27,399 shares of the oil and gas producer's stock valued at $666,000 after acquiring an additional 623 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of CNX Resources by 54.1% during the second quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer's stock worth $46,000 after purchasing an additional 666 shares during the period. CWM LLC grew its stake in shares of CNX Resources by 77.0% in the third quarter. CWM LLC now owns 2,149 shares of the oil and gas producer's stock worth $70,000 after purchasing an additional 935 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in CNX Resources by 3.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,307 shares of the oil and gas producer's stock valued at $712,000 after purchasing an additional 941 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Buying and Selling at CNX Resources

In other news, Director Bernard Lanigan, Jr. bought 75,000 shares of the company's stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $26.81 per share, for a total transaction of $2,010,750.00. Following the completion of the purchase, the director now owns 401,820 shares in the company, valued at approximately $10,772,794.20. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by company insiders.

CNX Resources Stock Up 3.8 %

Shares of CNX Resources stock traded up $1.38 during midday trading on Thursday, hitting $37.23. The company had a trading volume of 4,152,896 shares, compared to its average volume of 2,723,645. CNX Resources Co. has a 52-week low of $19.07 and a 52-week high of $37.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.40 and a current ratio of 0.41. The stock has a market capitalization of $5.71 billion, a P/E ratio of 6.49 and a beta of 1.38. The company has a 50 day moving average of $30.48 and a 200 day moving average of $26.80.

CNX Resources (NYSE:CNX - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas producer reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.09. CNX Resources had a return on equity of 7.51% and a net margin of 26.64%. The firm had revenue of $321.44 million during the quarter, compared to the consensus estimate of $387.46 million. During the same period last year, the company earned $0.29 earnings per share. On average, equities analysts predict that CNX Resources Co. will post 1.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on CNX shares. JPMorgan Chase & Co. increased their price objective on CNX Resources from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Piper Sandler downgraded shares of CNX Resources from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $22.00 to $20.00 in a research report on Thursday, August 15th. Mizuho raised their target price on shares of CNX Resources from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. StockNews.com lowered shares of CNX Resources from a "hold" rating to a "sell" rating in a research note on Saturday, August 3rd. Finally, Stephens reissued an "equal weight" rating and issued a $27.00 price target on shares of CNX Resources in a research note on Monday, July 15th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, CNX Resources currently has an average rating of "Hold" and a consensus price target of $27.10.

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.