2 weeks Ago By ABMN Staff
Sei Investments Co. lowered its holdings in CNX Resources Co. ( NYSE:CNX – Free Report ) by 14.
7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,584 shares of the oil and gas producer’s stock after selling 24,412 shares during the quarter. Sei Investments Co.
owned 0.09% of CNX Resources worth $5,192,000 as of its most recent SEC filing. Several other institutional investors have also recently made changes to their positions in the business.
Quantbot Technologies LP purchased a new position in shares of CNX Resources during the 4th quarter valued at about $2,708,000. Semanteon Capital Management LP grew its holdings in CNX Resources by 75.6% during the fourth quarter.
Semanteon Capital Management LP now owns 15,191 shares of the oil and gas producer’s stock worth $557,000 after acquiring an additional 6,542 shares during the period. Teacher Retirement System of Texas raised its position in CNX Resources by 104.8% during the fourth quarter.
Teacher Retirement System of Texas now owns 46,170 shares of the oil and gas producer’s stock valued at $1,693,000 after acquiring an additional 23,630 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in CNX Resources in the fourth quarter valued at approximately $39,000.
Finally, VSM Wealth Advisory LLC purchased a new stake in CNX Resources in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.
Analysts Set New Price Targets CNX has been the subject of several recent research reports. Truist Financial lifted their target price on shares of CNX Resources from $34.00 to $35.
00 and gave the company a “hold” rating in a report on Friday, December 6th. Raymond James raised shares of CNX Resources from an “underperform” rating to a “market perform” rating in a report on Tuesday, February 18th. StockNews.
com lowered shares of CNX Resources from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Bank of America cut their price target on CNX Resources from $32.00 to $27.
00 and set an “underperform” rating for the company in a research note on Tuesday. Finally, Roth Capital set a $30.00 price target on CNX Resources in a research report on Thursday, January 23rd.
Nine investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, CNX Resources has an average rating of “Hold” and a consensus price target of $30.
15. CNX Resources Price Performance CNX Resources stock opened at $31.85 on Wednesday.
The company has a fifty day simple moving average of $29.90 and a 200-day simple moving average of $33.36.
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 firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -46.
84, a PEG ratio of 0.42 and a beta of 1.26.
CNX Resources Co. has a 52-week low of $22.82 and a 52-week high of $41.
93. CNX Resources ( NYSE:CNX – Get Free Report ) last released its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.
57 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14.
CNX Resources had a negative net margin of 7.14% and a positive return on equity of 6.72%.
On average, equities analysts anticipate that CNX Resources Co. will post 2.18 EPS for the current fiscal year.
Insider Activity at CNX Resources In related news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.09, for a total value of $33,421,750.
00. Following the completion of the sale, the insider now owns 13,925,000 shares of the company’s stock, valued at approximately $432,928,250. This represents a 7.
17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link . Insiders own 3.
10% of the company’s stock. CNX Resources Company Profile ( 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 Stories Want to see what other hedge funds are holding CNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNX Resources Co.
( NYSE:CNX – Free Report ). 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.com's FREE daily email newsletter .
.
