Natixis Advisors LLC Has $1.36 Million Stock Holdings in CNX Resources Co. (NYSE:CNX)

Natixis Advisors LLC grew its position in shares of CNX Resources Co. (NYSE:CNX) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,644 shares of the oil and gas producer’s stock after buying an additional 1,241 shares during the period. Natixis Advisors LLC’s holdings in CNX Resources were worth $1,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CNX. GAMMA Investing LLC grew its position 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 during the last quarter. Blue Trust Inc. grew its holdings 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 during the last quarter. CWM LLC grew its holdings in shares of CNX Resources by 77.0% during the 3rd quarter. CWM LLC now owns 2,149 shares of the oil and gas producer’s stock valued at $70,000 after purchasing an additional 935 shares during the last quarter. Innealta Capital LLC acquired a new position in CNX Resources during the 2nd quarter worth approximately $131,000. Finally, Atomi Financial Group Inc. bought a new position in CNX Resources in the 3rd quarter valued at approximately $202,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Transactions at CNX Resources

In related news, Director Bernard Lanigan, Jr. acquired 75,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $26.81 per share, with a total value of $2,010,750.00. Following the completion of the purchase, the director now directly owns 401,820 shares of the company’s stock, valued at $10,772,794.20. This represents a 22.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.

CNX Resources Price Performance

CNX opened at $40.78 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.99 and a beta of 1.37. The stock has a fifty day simple moving average of $35.25 and a two-hundred day simple moving average of $29.04. CNX Resources Co. has a 12-month low of $19.07 and a 12-month high of $41.93.

CNX Resources (NYSE:CNX) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. The company had revenue of $424.21 million during the quarter, compared to analyst estimates of $398.33 million. CNX Resources had a return on equity of 7.54% and a net margin of 27.79%. During the same quarter last year, the company earned $0.35 EPS. Research analysts predict that CNX Resources Co. will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on CNX. Tudor, Pickering, Holt & Co. downgraded CNX Resources from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Scotiabank boosted their price target on CNX Resources from $25.00 to $27.00 and gave the stock a “sector underperform” rating in a report on Tuesday, August 20th. Bank of America initiated coverage on CNX Resources in a research note on Monday, October 28th. They issued an “underperform” rating and a $34.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of CNX Resources from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Piper Sandler cut shares of CNX Resources from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $22.00 to $20.00 in a research report on Thursday, August 15th. Six analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.00.

About CNX Resources

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.