Sequoia Financial Advisors LLC Purchases 442 Shares of CNX Resources Co. (NYSE:CNX)

Sequoia Financial Advisors LLC boosted its position in CNX Resources Co. (NYSE:CNX) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,135 shares of the oil and gas producer’s stock after acquiring an additional 442 shares during the period. Sequoia Financial Advisors LLC’s holdings in CNX Resources were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNX. GAMMA Investing LLC boosted its holdings in CNX Resources by 54.1% in the second quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock valued at $46,000 after acquiring an additional 666 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of CNX Resources by 113.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,138 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 1,136 shares during the period. Blue Trust Inc. boosted its stake in shares of CNX Resources by 135.4% during the 3rd quarter. Blue Trust Inc. now owns 1,966 shares of the oil and gas producer’s stock valued at $64,000 after purchasing an additional 1,131 shares in the last quarter. CWM LLC increased its position in shares of CNX Resources by 77.0% during the third quarter. CWM LLC now owns 2,149 shares of the oil and gas producer’s stock valued at $70,000 after buying an additional 935 shares during the period. Finally, Natixis purchased a new stake in CNX Resources in the first quarter worth about $79,000. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on CNX Resources from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Scotiabank boosted their target price on shares of CNX Resources from $25.00 to $27.00 and gave the company a “sector underperform” rating in a report on Tuesday, August 20th. Mizuho increased their price target on shares of CNX Resources from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Piper Sandler lowered shares of CNX Resources from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $22.00 to $20.00 in a research note on Thursday, August 15th. Finally, Stephens raised their target price on shares of CNX Resources from $26.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.90.

Insider Buying and Selling at CNX Resources

In other news, Director Bernard Lanigan, Jr. bought 75,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were 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 of the company’s stock, valued at approximately $10,772,794.20. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.

CNX Resources Trading Down 1.7 %

CNX Resources stock opened at $36.57 on Monday. The business has a 50-day simple moving average of $30.89 and a two-hundred day simple moving average of $26.99. The company has a quick ratio of 0.40, a current ratio of 0.41 and a debt-to-equity ratio of 0.46. The company has a market cap of $5.60 billion, a P/E ratio of 6.63 and a beta of 1.38. CNX Resources Co. has a 52-week low of $19.07 and a 52-week high of $37.57.

CNX Resources (NYSE:CNX) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.09. The business had revenue of $424.21 million for the quarter, compared to the consensus estimate of $398.33 million. CNX Resources had a net margin of 26.64% and a return on equity of 7.51%. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Analysts predict that CNX Resources Co. will post 1.43 EPS for the current year.

CNX Resources Company 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.