2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado increased its stake in shares of CNX Resources Co. ( NYSE:CNX – Free Report ) by 937.6% during the 2nd quarter, HoldingsChannel.
com reports. The fund owned 10,407 shares of the oil and gas producer’s stock after acquiring an additional 9,404 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CNX Resources were worth $253,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of CNX Resources by 54.1% during the 2nd quarter.
GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock worth $46,000 after purchasing an additional 666 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in CNX Resources by 113.4% during the first quarter.
Hexagon Capital Partners LLC now owns 2,138 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 1,136 shares during the last quarter. Natixis acquired a new stake in CNX Resources in the first quarter valued at $79,000. Innealta Capital LLC acquired a new stake in CNX Resources in the second quarter valued at $131,000.
Finally, TFO Wealth Partners LLC grew its position in shares of CNX Resources by 64,084.6% in the 4th quarter. TFO Wealth Partners LLC now owns 8,344 shares of the oil and gas producer’s stock valued at $167,000 after acquiring an additional 8,331 shares during the period.
95.16% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In Several brokerages recently issued reports on CNX.
JPMorgan Chase & Co. raised their target price on shares of CNX Resources from $26.00 to $27.
00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Scotiabank lifted their target price on CNX Resources from $25.00 to $27.
00 and gave the stock a “sector underperform” rating in a research note on Tuesday, August 20th. Truist Financial increased their price target on CNX Resources from $30.00 to $31.
00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Piper Sandler cut shares of CNX Resources from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $22.00 to $20.
00 in a research report on Thursday, August 15th. Finally, StockNews.com downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd.
Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.13.
Insiders Place Their Bets In other CNX Resources news, Director Bernard Lanigan, Jr. purchased 75,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $26.
81 per share, for a total transaction of $2,010,750.00. Following the completion of the transaction, the director now owns 401,820 shares in the company, valued at $10,772,794.
20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Company insiders own 3.
10% of the company’s stock. CNX Resources Stock Performance Shares of NYSE CNX opened at $31.49 on Friday.
The company has a debt-to-equity ratio of 0.46, a current ratio of 0.41 and a quick ratio of 0.
40. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 5.
70 and a beta of 1.37. The stock’s fifty day moving average price is $27.
25 and its two-hundred day moving average price is $25.33. CNX Resources Co.
has a one year low of $19.07 and a one year high of $32.26.
CNX Resources ( NYSE:CNX – Get Free Report ) last released its quarterly earnings results on Thursday, July 25th. The oil and gas producer reported $0.36 EPS for the quarter, beating the consensus estimate of $0.
27 by $0.09. CNX Resources had a net margin of 26.
64% and a return on equity of 7.51%. The business had revenue of $321.
44 million for the quarter, compared to the consensus estimate of $387.46 million. During the same period in the prior year, the company posted $0.
29 earnings per share. On average, equities analysts forecast that CNX Resources Co. will post 1.
44 EPS for the current year. 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. See Also 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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