5,603 Shares in CNX Resources Co. (NYSE:CNX) Purchased by Stevens Capital Management LP

Stevens Capital Management LP acquired a new position in shares of CNX Resources Co. (NYSE:CNX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 5,603 shares of the oil and gas producer’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC raised its stake in shares of CNX Resources by 3.1% during the third quarter. Natixis Advisors LLC now owns 41,644 shares of the oil and gas producer’s stock worth $1,356,000 after purchasing an additional 1,241 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $60,607,000 after buying an additional 202,890 shares during the period. BNP Paribas Financial Markets raised its position in CNX Resources by 231.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 104,361 shares of the oil and gas producer’s stock worth $3,399,000 after buying an additional 72,914 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of CNX Resources in the 3rd quarter worth $1,321,000. Finally, Edgestream Partners L.P. boosted its holdings in shares of CNX Resources by 112.9% in the third quarter. Edgestream Partners L.P. now owns 78,819 shares of the oil and gas producer’s stock valued at $2,567,000 after acquiring an additional 41,793 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on CNX shares. Stephens raised shares of CNX Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $35.00 to $48.00 in a report on Tuesday, March 18th. Raymond James upgraded CNX Resources from an “underperform” rating to a “market perform” rating in a research note on Tuesday, February 18th. Roth Capital set a $30.00 price objective on CNX Resources in a report on Thursday, January 23rd. Truist Financial raised their target price on CNX Resources from $34.00 to $35.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, TD Cowen assumed coverage on shares of CNX Resources in a research note on Wednesday, January 15th. They set a “hold” rating and a $27.00 price target on the stock. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.38.

CNX Resources Stock Up 0.4 %

Shares of NYSE CNX opened at $31.86 on Tuesday. The firm’s 50-day moving average is $29.75 and its two-hundred day moving average is $33.17. The company has a market capitalization of $4.74 billion, a PE ratio of -46.84, a price-to-earnings-growth ratio of 0.42 and a beta of 1.26. CNX Resources Co. has a 12-month low of $22.80 and a 12-month high of $41.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32.

CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. CNX Resources had a positive return on equity of 6.72% and a negative net margin of 7.14%. Equities analysts anticipate that CNX Resources Co. will post 2.18 EPS for the current fiscal year.

Insider Buying and Selling at CNX Resources

In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.09, for a total value of $33,421,750.00. Following the completion of the transaction, the insider now directly owns 13,925,000 shares in the company, valued at approximately $432,928,250. The trade was a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.10% of the stock is owned by insiders.

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.