CNX Resources Co. (NYSE:CNX) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of CNX Resources Co. (NYSE:CNXGet Rating) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,744 shares of the oil and gas producer’s stock after selling 4,515 shares during the period. Raymond James & Associates owned approximately 0.10% of CNX Resources worth $3,040,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. State Street Corp increased its holdings in shares of CNX Resources by 15.6% during the first quarter. State Street Corp now owns 13,033,827 shares of the oil and gas producer’s stock valued at $270,061,000 after purchasing an additional 1,760,214 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in CNX Resources by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,900,559 shares of the oil and gas producer’s stock worth $47,743,000 after acquiring an additional 73,744 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in CNX Resources by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,533,370 shares of the oil and gas producer’s stock worth $52,492,000 after acquiring an additional 22,477 shares during the period. Renaissance Technologies LLC grew its holdings in CNX Resources by 28.5% during the second quarter. Renaissance Technologies LLC now owns 1,945,616 shares of the oil and gas producer’s stock worth $32,025,000 after acquiring an additional 432,000 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in CNX Resources by 70.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,794,301 shares of the oil and gas producer’s stock worth $29,534,000 after acquiring an additional 744,682 shares during the period. 93.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CNX. Piper Sandler lowered their target price on CNX Resources to $19.00 in a report on Friday, November 4th. Mizuho began coverage on CNX Resources in a report on Monday, January 9th. They set an “underperform” rating and a $19.00 target price on the stock. Truist Financial lowered their target price on CNX Resources from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Friday, October 28th. Finally, StockNews.com began coverage on CNX Resources in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.86.

CNX Resources Trading Up 2.3 %

NYSE:CNX opened at $16.54 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.97. CNX Resources Co. has a 1-year low of $14.11 and a 1-year high of $24.21. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of -4.30, a price-to-earnings-growth ratio of 0.31 and a beta of 1.25. The stock has a fifty day simple moving average of $16.86 and a 200 day simple moving average of $17.03.

CNX Resources (NYSE:CNXGet Rating) last released its quarterly earnings results on Thursday, October 27th. The oil and gas producer reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($1.26). CNX Resources had a negative net margin of 29.81% and a positive return on equity of 9.68%. The company had revenue of $476.00 million during the quarter, compared to analyst estimates of $549.08 million. Sell-side analysts forecast that CNX Resources Co. will post 1.51 earnings per share for the current year.

About CNX Resources

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CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane. It produces and sells pipeline quality natural gas primarily for gas wholesalers.

See Also

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Institutional Ownership by Quarter for CNX Resources (NYSE:CNX)

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