24,670 Shares in CNX Resources Co. (NYSE:CNX) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new position in shares of CNX Resources Co. (NYSE:CNX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,670 shares of the oil and gas producer's stock, valued at approximately $804,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Markets Americas LLC purchased a new position in shares of CNX Resources during the 2nd quarter worth about $97,200,000. American Century Companies Inc. increased its holdings in shares of CNX Resources by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 3,699,186 shares of the oil and gas producer's stock worth $89,890,000 after buying an additional 397,729 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CNX Resources by 12.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,860,817 shares of the oil and gas producer's stock worth $60,607,000 after buying an additional 202,890 shares during the period. LSV Asset Management raised its position in shares of CNX Resources by 1.4% in the 2nd quarter. LSV Asset Management now owns 1,780,921 shares of the oil and gas producer's stock worth $43,276,000 after buying an additional 23,800 shares during the period. Finally, Tributary Capital Management LLC boosted its holdings in CNX Resources by 0.3% in the second quarter. Tributary Capital Management LLC now owns 901,940 shares of the oil and gas producer's stock valued at $21,917,000 after acquiring an additional 2,535 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CNX has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on shares of CNX Resources from $26.00 to $29.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. Tudor Pickering upgraded shares of CNX Resources to a "strong sell" rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. downgraded shares of CNX Resources from a "neutral" rating to an "underweight" rating and boosted their target price for the stock from $31.00 to $37.00 in a research report on Thursday, December 5th. Truist Financial increased their target price on shares of CNX Resources from $34.00 to $35.00 and gave the stock a "hold" rating in a report on Friday, December 6th. Finally, Capital One Financial downgraded CNX Resources from an "overweight" rating to an "equal weight" rating and set a $25.00 price target on the stock. in a report on Monday, October 14th. Seven analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, CNX Resources presently has a consensus rating of "Reduce" and a consensus price target of $30.00.

CNX Resources Price Performance

NYSE CNX traded down $0.07 during midday trading on Thursday, hitting $38.36. The company had a trading volume of 2,265,419 shares, compared to its average volume of 2,651,245. CNX Resources Co. has a twelve month low of $19.07 and a twelve month high of $41.93. The firm has a 50-day moving average price of $37.11 and a 200-day moving average price of $30.23. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $5.73 billion, a PE ratio of 12.08, a P/E/G ratio of 1.78 and a beta of 1.43.

CNX Resources (NYSE:CNX - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.09. The firm had revenue of $424.21 million during the quarter, compared to analyst estimates of $398.33 million. CNX Resources had a net margin of 27.79% and a return on equity of 7.54%. During the same quarter last year, the business earned $0.35 EPS. As a group, analysts anticipate that CNX Resources Co. will post 1.53 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.