3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC cut its stake in shares of CNX Resources Co. ( NYSE:CNX – Free Report ) by 44.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 5,397 shares of the oil and gas producer’s stock after selling 4,274 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in CNX Resources were worth $198,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also made changes to their positions in the stock.
Arrowstreet Capital Limited Partnership bought a new position in CNX Resources during the 4th quarter worth $37,923,000. Raymond James Financial Inc. acquired a new position in shares of CNX Resources during the fourth quarter valued at $14,268,000.
Empirical Asset Management LLC bought a new position in shares of CNX Resources during the fourth quarter worth about $9,281,000. Empowered Funds LLC increased its holdings in shares of CNX Resources by 328.0% in the 4th quarter.
Empowered Funds LLC now owns 211,719 shares of the oil and gas producer’s stock worth $7,764,000 after acquiring an additional 162,247 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in CNX Resources by 7.
5% in the 4th 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 purchasing an additional 139,647 shares during the last quarter.
95.16% of the stock is currently owned by institutional investors and hedge funds. CNX Resources Stock Performance Shares of CNX opened at $29.
29 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.
33 and a quick ratio of 0.32. The firm’s 50 day moving average is $30.
03 and its 200-day moving average is $33.41. CNX Resources Co.
has a 12-month low of $22.82 and a 12-month high of $41.93.
The stock has a market capitalization of $4.31 billion, a P/E ratio of -43.08, a P/E/G ratio of 0.
42 and a beta of 1.33. Analyst Ratings Changes CNX has been the subject of several recent analyst reports.
Raymond James upgraded shares of CNX Resources from an “underperform” rating to a “market perform” rating in a research report on Tuesday, February 18th. TD Cowen began coverage on CNX Resources in a report on Wednesday, January 15th. They issued a “hold” rating and a $27.
00 price objective for the company. 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. Roth Capital set a $30.
00 price target on CNX Resources in a research report on Thursday, January 23rd. Finally, Stephens raised CNX Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $35.00 to $48.
00 in a report on Tuesday, March 18th. Nine investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.
com, CNX Resources presently has an average rating of “Reduce” and a consensus price target of $30.83. Check Out Our Latest Stock Analysis on CNX About CNX Resources ( Free Report ) 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. Featured Articles Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.
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