Blue Trust Inc. Boosts Stock Position in CNX Resources Co. (NYSE:CNX)

Blue Trust Inc. boosted its position in CNX Resources Co. (NYSE:CNX) by 65.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,246 shares of the oil and gas producer’s stock after buying an additional 1,280 shares during the period. Blue Trust Inc.’s holdings in CNX Resources were worth $119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC grew its position in 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. GAMMA Investing LLC raised its holdings in shares of CNX Resources by 62.1% during the third quarter. GAMMA Investing LLC now owns 3,073 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 1,177 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in CNX Resources in the 3rd quarter valued at $202,000. Oppenheimer Asset Management Inc. purchased a new position in CNX Resources in the 3rd quarter valued at $205,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in CNX Resources during the 3rd quarter worth $209,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CNX Resources

In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.09, for a total value of $33,421,750.00. Following the transaction, the insider now directly owns 13,925,000 shares of the company’s stock, valued at approximately $432,928,250. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CNX shares. Truist Financial boosted their price target on shares of CNX Resources from $34.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Capital One Financial cut shares of CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 price target for the company. in a research report on Monday, October 14th. Morgan Stanley started coverage on shares of CNX Resources in a research note on Friday, January 10th. They issued an “underweight” rating and a $29.00 price target on the stock. StockNews.com raised shares of CNX Resources from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Bank of America initiated coverage on CNX Resources in a research report on Monday, October 28th. They issued an “underperform” rating and a $34.00 target price on the stock. Eight investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $29.67.

CNX Resources Trading Up 0.5 %

Shares of NYSE:CNX opened at $29.13 on Friday. The company has a market cap of $4.35 billion, a PE ratio of -42.84, a P/E/G ratio of 0.36 and a beta of 1.38. The company’s 50 day moving average is $33.40 and its two-hundred day moving average is $32.23. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. CNX Resources Co. has a 52 week low of $19.07 and a 52 week high of $41.93.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. CNX Resources had a positive return on equity of 6.72% and a negative net margin of 7.14%. Equities analysts predict that CNX Resources Co. will post 2.36 earnings per share for the current fiscal year.

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.