Atria Investments Inc Has $330,000 Holdings in CNX Resources Co. (NYSE:CNX)

Atria Investments Inc trimmed its position in shares of CNX Resources Co. (NYSE:CNX) by 20.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,005 shares of the oil and gas producer’s stock after selling 2,371 shares during the quarter. Atria Investments Inc’s holdings in CNX Resources were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in CNX Resources by 311.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 616,734 shares of the oil and gas producer’s stock worth $20,087,000 after acquiring an additional 466,694 shares in the last quarter. Empirical Asset Management LLC bought a new stake in CNX Resources in the fourth quarter worth $9,281,000. Charles Schwab Investment Management Inc. boosted its holdings in CNX Resources by 12.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,860,817 shares of the oil and gas producer’s stock worth $60,607,000 after purchasing an additional 202,890 shares in the last quarter. Empowered Funds LLC increased its position in CNX Resources by 328.0% during the fourth quarter. Empowered Funds LLC now owns 211,719 shares of the oil and gas producer’s stock worth $7,764,000 after buying an additional 162,247 shares during the last quarter. Finally, Entropy Technologies LP raised its holdings in CNX Resources by 493.9% during the fourth quarter. Entropy Technologies LP now owns 94,657 shares of the oil and gas producer’s stock valued at $3,471,000 after buying an additional 78,719 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CNX. StockNews.com downgraded CNX Resources from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Truist Financial upped their target price on CNX Resources from $34.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Piper Sandler dropped their price target on shares of CNX Resources from $23.00 to $22.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of CNX Resources from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, March 13th. Finally, Roth Capital set a $30.00 target price on shares of CNX Resources in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, CNX Resources currently has a consensus rating of “Reduce” and an average target price of $29.38.

CNX Resources Stock Performance

NYSE:CNX opened at $30.69 on Tuesday. The firm’s 50-day moving average is $29.61 and its 200-day moving average is $33.01. The company has a market cap of $4.57 billion, a price-to-earnings ratio of -45.13, a PEG ratio of 0.42 and a beta of 1.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.32 and a current ratio of 0.33. CNX Resources Co. has a 52-week low of $21.07 and a 52-week high of $41.93.

CNX Resources (NYSE:CNX) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts anticipate that CNX Resources Co. will post 2.18 earnings per share for the current year.

Insider Activity

In other news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of CNX Resources stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.09, for a total transaction of $33,421,750.00. Following the sale, the insider now directly owns 13,925,000 shares in the company, valued at approximately $432,928,250. The trade was a 7.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by company insiders.

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.