1 week Ago By ABMN Staff
Pictet Asset Management Holding SA boosted its holdings in CNX Resources Co. ( NYSE:CNX – Free Report ) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 20,786 shares of the oil and gas producer’s stock after buying an additional 1,873 shares during the period. Pictet Asset Management Holding SA’s holdings in CNX Resources were worth $762,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also bought and sold shares of CNX.
Geode Capital Management LLC boosted its holdings in shares of CNX Resources by 0.3% in the third quarter. Geode Capital Management LLC now owns 3,602,837 shares of the oil and gas producer’s stock worth $117,366,000 after acquiring an additional 12,333 shares during the period.
Charles Schwab Investment Management Inc. grew its holdings in CNX Resources by 7.5% during 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 buying an additional 139,647 shares in the last quarter. Assetmark Inc.
increased its position in shares of CNX Resources by 2.2% during the fourth quarter. Assetmark Inc.
now owns 885,429 shares of the oil and gas producer’s stock valued at $32,469,000 after buying an additional 19,309 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of CNX Resources by 0.
9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 622,503 shares of the oil and gas producer’s stock worth $22,827,000 after buying an additional 5,769 shares in the last quarter.
Finally, Rhumbline Advisers boosted its position in shares of CNX Resources by 1.3% in the fourth quarter. Rhumbline Advisers now owns 494,625 shares of the oil and gas producer’s stock valued at $18,138,000 after acquiring an additional 6,404 shares during the period.
Institutional investors own 95.16% of the company’s stock. Analysts Set New Price Targets A number of analysts recently weighed in on CNX shares.
StockNews.com lowered shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Roth Capital set a $30.
00 price objective on CNX Resources in a research report on Thursday, January 23rd. Piper Sandler reduced their target price on CNX Resources from $23.00 to $22.
00 and set an “underweight” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on CNX Resources from $32.
00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, March 13th. Finally, Morgan Stanley set a $33.
00 price objective on CNX Resources and gave the stock an “underweight” rating in a report on Wednesday, March 26th. Nine equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $30.
92. CNX Resources Stock Down 1.1 % Shares of NYSE CNX opened at $28.
88 on Tuesday. The stock has a market capitalization of $4.25 billion, a P/E ratio of -42.
46, a PEG ratio of 0.42 and a beta of 1.33.
CNX Resources Co. has a one year low of $22.82 and a one year high of $41.
93. The firm’s 50 day simple moving average is $30.04 and its two-hundred day simple moving average is $33.
40. 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 – Get Free Report ) last released its earnings results on Thursday, January 30th.
The oil and gas producer reported $0.57 EPS for the quarter, beating the consensus estimate 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%. As a group, analysts expect that CNX Resources Co. will post 2.
18 EPS for the current fiscal year. CNX Resources 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 .
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