Eubel Brady & Suttman Asset Management Inc. Has $13.23 Million Holdings in CNX Resources Co. (NYSE:CNX)

Eubel Brady & Suttman Asset Management Inc. lessened its position in CNX Resources Co. (NYSE:CNX) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 544,354 shares of the oil and gas producer’s stock after selling 24,150 shares during the quarter. CNX Resources comprises about 1.9% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 25th biggest position. Eubel Brady & Suttman Asset Management Inc. owned about 0.36% of CNX Resources worth $13,228,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Pullen Investment Management LLC raised its holdings in CNX Resources by 2.3% in the 2nd quarter. Pullen Investment Management LLC now owns 27,399 shares of the oil and gas producer’s stock worth $666,000 after acquiring an additional 623 shares during the period. GAMMA Investing LLC raised its holdings in CNX Resources by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock worth $46,000 after acquiring an additional 666 shares during the period. Riverwater Partners LLC raised its holdings in CNX Resources by 1.0% in the 1st quarter. Riverwater Partners LLC now owns 65,673 shares of the oil and gas producer’s stock worth $1,558,000 after acquiring an additional 676 shares during the period. Congress Asset Management Co. MA raised its holdings in CNX Resources by 0.4% in the 4th quarter. Congress Asset Management Co. MA now owns 265,558 shares of the oil and gas producer’s stock worth $5,311,000 after acquiring an additional 945 shares during the period. Finally, US Bancorp DE raised its holdings in CNX Resources by 3.9% in the 1st quarter. US Bancorp DE now owns 26,860 shares of the oil and gas producer’s stock worth $637,000 after acquiring an additional 999 shares during the period. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CNX. StockNews.com downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Mizuho boosted their price objective on shares of CNX Resources from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Stephens restated an “equal weight” rating and set a $27.00 price objective on shares of CNX Resources in a report on Monday, July 15th. Truist Financial boosted their price objective on shares of CNX Resources from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Piper Sandler downgraded shares of CNX Resources from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $22.00 to $20.00 in a report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.57.

CNX Resources Stock Performance

NYSE CNX opened at $26.77 on Tuesday. The stock has a market cap of $4.05 billion, a P/E ratio of 4.84 and a beta of 1.37. The company’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $24.54. CNX Resources Co. has a twelve month low of $19.07 and a twelve month high of $28.23. The company has a quick ratio of 0.40, a current ratio of 0.41 and a debt-to-equity ratio of 0.46.

CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, July 25th. The oil and gas producer reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The business had revenue of $321.44 million for the quarter, compared to analysts’ expectations of $387.46 million. CNX Resources had a net margin of 26.64% and a return on equity of 7.51%. During the same quarter in the previous year, the firm posted $0.29 earnings per share. As a group, research analysts forecast that CNX Resources Co. will post 1.47 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.