CNX Resources Co. (NYSE:CNX) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in CNX Resources Co. (NYSE:CNXFree Report) by 32.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,130 shares of the oil and gas producer’s stock after selling 9,628 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CNX Resources were worth $322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in CNX Resources by 10.5% in the third quarter. Vanguard Group Inc. now owns 18,448,774 shares of the oil and gas producer’s stock worth $286,510,000 after acquiring an additional 1,758,826 shares in the last quarter. State Street Corp raised its position in CNX Resources by 15.6% in the first quarter. State Street Corp now owns 13,033,827 shares of the oil and gas producer’s stock worth $270,061,000 after acquiring an additional 1,760,214 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in CNX Resources by 0.9% in 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 in the last quarter. JPMorgan Chase & Co. raised its position in CNX Resources by 47.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,304,257 shares of the oil and gas producer’s stock worth $38,805,000 after acquiring an additional 741,124 shares in the last quarter. Finally, KGH Ltd raised its holdings in CNX Resources by 4.5% during the 4th quarter. KGH Ltd now owns 1,985,026 shares of the oil and gas producer’s stock worth $33,428,000 after buying an additional 85,026 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on CNX shares. Truist Financial boosted their price objective on CNX Resources from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Monday, July 24th. Piper Sandler boosted their price objective on CNX Resources from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, August 14th. StockNews.com started coverage on CNX Resources in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Mizuho boosted their price objective on CNX Resources from $18.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.60.

Check Out Our Latest Analysis on CNX

CNX Resources Price Performance

Shares of CNX opened at $21.90 on Wednesday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 2.31, a P/E/G ratio of 2.45 and a beta of 1.37. CNX Resources Co. has a fifty-two week low of $14.36 and a fifty-two week high of $22.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.58 and a quick ratio of 0.54. The business’s 50-day moving average is $19.47 and its 200-day moving average is $17.12.

CNX Resources (NYSE:CNXGet Free Report) last issued its earnings results on Thursday, July 27th. The oil and gas producer reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $839.70 million for the quarter, compared to the consensus estimate of $386.68 million. CNX Resources had a return on equity of 12.98% and a net margin of 49.95%. The firm’s quarterly revenue was up 99.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. Equities research analysts expect that CNX Resources Co. will post 1.6 EPS for the current fiscal year.

CNX Resources Profile

(Free Report)

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 (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.

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

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