CNX Resources Co. (NYSE:CNX) Shares Sold by Prelude Capital Management LLC

Prelude Capital Management LLC reduced its holdings in shares of CNX Resources Co. (NYSE:CNX – Get Rating) by 41.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,415 shares of the oil and gas producer’s stock after selling 23,400 shares during the period. Prelude Capital Management LLC’s holdings in CNX Resources were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CNX. State Street Corp increased its position in CNX Resources by 15.6% during the 1st quarter. State Street Corp now owns 13,033,827 shares of the oil and gas producer’s stock valued at $270,061,000 after buying an additional 1,760,214 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of CNX Resources by 2,477.3% in the first quarter. Renaissance Technologies LLC now owns 1,513,616 shares of the oil and gas producer’s stock valued at $31,362,000 after purchasing an additional 1,454,887 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of CNX Resources in the third quarter valued at about $20,068,000. Deutsche Bank AG increased its holdings in shares of CNX Resources by 110.5% in the second quarter. Deutsche Bank AG now owns 1,631,995 shares of the oil and gas producer’s stock valued at $26,863,000 after purchasing an additional 856,729 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of CNX Resources by 70.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,794,301 shares of the oil and gas producer’s stock valued at $29,534,000 after purchasing an additional 744,682 shares during the period. 93.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNX has been the topic of a number of research reports. StockNews.com lowered CNX Resources from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Mizuho cut their price objective on CNX Resources from $18.00 to $16.00 in a report on Friday. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.43.

CNX Resources Stock Down 1.1 %

CNX Resources stock opened at $15.14 on Monday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -14.15, a price-to-earnings-growth ratio of 0.37 and a beta of 1.32. CNX Resources Co. has a 52 week low of $14.55 and a 52 week high of $24.21. The business’s 50-day moving average price is $16.05 and its 200 day moving average price is $16.73. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 0.75.

CNX Resources (NYSE:CNX – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The oil and gas producer reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $5.11. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $510.19 million. CNX Resources had a positive return on equity of 21.25% and a negative net margin of 5.36%. CNX Resources’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, sell-side analysts anticipate that CNX Resources Co. will post 1.97 earnings per share for the current year.

CNX Resources Company Profile

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CNX Resources Corp. engages in the exploration, development, production, and acquisition of natural gas properties in the Appalachian Basin. It operates through the following segments: Shale, Coalbed Methane, and Other Gas. The Shale segment refers to primary reserves, production, and capital investments.