Chartwell Investment Partners LLC reduced its stake in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 280,389 shares of the oil and gas producer's stock after selling 31,516 shares during the quarter. Chartwell Investment Partners LLC owned approximately 0.19% of CNX Resources worth $9,132,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNX. GAMMA Investing LLC grew its holdings in shares of CNX Resources by 54.1% during the 2nd 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. Blue Trust Inc. grew its stake in CNX Resources by 135.4% in the third 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 CNX Resources by 77.0% in the 3rd quarter. CWM LLC now owns 2,149 shares of the oil and gas producer's stock worth $70,000 after purchasing an additional 935 shares during the last quarter. Natixis purchased a new stake in shares of CNX Resources during the 1st quarter worth about $79,000. Finally, Innealta Capital LLC acquired a new stake in shares of CNX Resources during the 2nd quarter valued at about $131,000. 95.16% of the stock is owned by hedge funds and other institutional investors.
NYSE:CNX opened at $38.16 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.37 and a quick ratio of 0.36. CNX Resources Co. has a one year low of $19.07 and a one year high of $38.81. The company has a fifty day moving average price of $32.54 and a 200 day moving average price of $27.81. The stock has a market cap of $5.70 billion, a P/E ratio of 12.00, a PEG ratio of 1.79 and a beta of 1.37.
CNX Resources (NYSE:CNX - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.09. CNX Resources had a net margin of 27.79% and a return on equity of 7.54%. The business had revenue of $424.21 million during the quarter, compared to analyst estimates of $398.33 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Analysts anticipate that CNX Resources Co. will post 1.53 earnings per share for the current year.
In other news, Director Bernard Lanigan, Jr. acquired 75,000 shares of the stock in a transaction dated Monday, September 9th. The shares were acquired 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 in the company, valued at approximately $10,772,794.20. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company's stock.
CNX has been the topic of several recent research reports. StockNews.com lowered shares of CNX Resources from a "hold" rating to a "sell" rating in a research report on Saturday, August 3rd. BMO Capital Markets lifted their price objective on shares of CNX Resources from $26.00 to $29.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. Capital One Financial downgraded shares of CNX Resources from an "overweight" rating to an "equal weight" rating and set a $25.00 target price on the stock. in a research report on Monday, October 14th. Tudor, Pickering, Holt & Co. cut CNX Resources from a "hold" rating to a "sell" rating in a research report on Tuesday, October 1st. Finally, Piper Sandler lowered CNX Resources from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $22.00 to $20.00 in a report on Thursday, August 15th. Six investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, CNX Resources presently has a consensus rating of "Hold" and a consensus target price of $29.00.
Check Out Our Latest Analysis on 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.
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