CNX Resources Co. (NYSE:CNX) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC increased its holdings in shares of CNX Resources Co. (NYSE:CNX) by 113.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,138 shares of the oil and gas producer’s stock after acquiring an additional 1,136 shares during the quarter. Hexagon Capital Partners LLC’s holdings in CNX Resources were worth $51,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of CNX Resources during the 4th quarter worth approximately $798,000. Parkwood LLC increased its stake in shares of CNX Resources by 11.2% in the 4th quarter. Parkwood LLC now owns 490,435 shares of the oil and gas producer’s stock worth $9,809,000 after acquiring an additional 49,278 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of CNX Resources by 25.5% during the 4th quarter. New York State Common Retirement Fund now owns 104,131 shares of the oil and gas producer’s stock worth $2,083,000 after acquiring an additional 21,131 shares during the period. Comerica Bank acquired a new position in shares of CNX Resources during the 3rd quarter valued at about $4,054,000. Finally, Stifel Financial Corp grew its holdings in shares of CNX Resources by 444.1% in the third quarter. Stifel Financial Corp now owns 137,247 shares of the oil and gas producer’s stock valued at $3,099,000 after purchasing an additional 112,023 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Roth Mkm boosted their target price on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Mizuho increased their price target on shares of CNX Resources from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Piper Sandler upped their price objective on CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Truist Financial lifted their price objective on CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Scotiabank upped their target price on shares of CNX Resources from $20.00 to $25.00 and gave the stock a “sector underperform” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.00.

CNX Resources Stock Down 1.2 %

Shares of NYSE:CNX opened at $24.02 on Tuesday. The firm has a 50 day simple moving average of $24.50 and a 200-day simple moving average of $22.42. CNX Resources Co. has a twelve month low of $17.27 and a twelve month high of $26.57. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.68 billion, a PE ratio of 4.35 and a beta of 1.38.

CNX Resources (NYSE:CNX) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas producer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. CNX Resources had a net margin of 40.44% and a return on equity of 7.68%. The firm had revenue of $381.00 million during the quarter, compared to analysts’ expectations of $420.13 million. On average, equities analysts predict that CNX Resources Co. will post 1.32 EPS for the current fiscal year.

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.