Three Seasons Wealth LLC Acquires New Shares in CNX Resources Co. (NYSE:CNX)

Three Seasons Wealth LLC acquired a new position in shares of CNX Resources Co. (NYSE:CNX - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,365 shares of the oil and gas producer's stock, valued at approximately $820,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Congress Asset Management Co. grew its position in shares of CNX Resources by 7.2% during 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 during the last quarter. World Investment Advisors LLC bought a new position in CNX Resources in the 3rd quarter worth about $534,000. Convergence Investment Partners LLC acquired a new stake in shares of CNX Resources in the fourth quarter valued at approximately $1,556,000. Charles Schwab Investment Management Inc. raised its holdings in shares of CNX Resources by 7.5% during 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 during the last quarter. Finally, Wakefield Asset Management LLLP acquired a new position in shares of CNX Resources during the fourth quarter worth approximately $1,047,000. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Stock Performance

Shares of NYSE CNX opened at $29.05 on Friday. CNX Resources Co. has a 52-week low of $22.82 and a 52-week high of $41.93. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -42.72, a PEG ratio of 0.42 and a beta of 1.33. 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 stock's fifty day simple moving average is $30.30 and its 200 day simple moving average is $33.13.

CNX Resources (NYSE:CNX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 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 forecast that CNX Resources Co. will post 2.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on CNX shares. JPMorgan Chase & Co. lifted 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. Piper Sandler cut their price objective on shares of CNX Resources from $22.00 to $21.00 and set an "underweight" rating on the stock in a research note on Tuesday. Mizuho increased their target price on shares of CNX Resources from $34.00 to $35.00 and gave the company an "underperform" rating in a research report on Monday, April 7th. StockNews.com downgraded shares of CNX Resources from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. Finally, 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 report on Friday, April 11th. Eight research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.17.

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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