Allworth Financial LP Buys 5,265 Shares of CNX Resources Corporation. $CNX

Allworth Financial LP increased its position in shares of CNX Resources Corporation. (NYSE:CNX) by 1,491.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,618 shares of the oil and gas producer’s stock after acquiring an additional 5,265 shares during the quarter. Allworth Financial LP’s holdings in CNX Resources were worth $189,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. HighTower Advisors LLC increased its stake in CNX Resources by 59.7% during the 1st quarter. HighTower Advisors LLC now owns 46,592 shares of the oil and gas producer’s stock worth $1,467,000 after purchasing an additional 17,424 shares in the last quarter. LPL Financial LLC lifted its stake in CNX Resources by 3.5% in the first quarter. LPL Financial LLC now owns 87,661 shares of the oil and gas producer’s stock valued at $2,760,000 after buying an additional 2,927 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of CNX Resources by 4.4% in the first quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer’s stock valued at $502,178,000 after buying an additional 665,289 shares during the period. Jump Financial LLC increased its position in shares of CNX Resources by 1,945.1% during the first quarter. Jump Financial LLC now owns 353,992 shares of the oil and gas producer’s stock worth $11,144,000 after acquiring an additional 336,683 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of CNX Resources by 1.9% during the second quarter. US Bancorp DE now owns 25,944 shares of the oil and gas producer’s stock worth $874,000 after acquiring an additional 477 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CNX shares. Barclays increased their price objective on CNX Resources from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. Siebert Williams Shank began coverage on shares of CNX Resources in a research note on Monday, September 15th. They issued a “hold” rating and a $32.00 price target on the stock. Mizuho raised their price objective on CNX Resources from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Scotiabank lifted their target price on CNX Resources from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CNX Resources in a research report on Monday. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, CNX Resources currently has an average rating of “Reduce” and an average target price of $32.67.

CNX Resources Price Performance

Shares of NYSE CNX opened at $37.20 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average price is $32.84 and its two-hundred day moving average price is $31.90. The company has a market cap of $5.02 billion, a PE ratio of 63.06, a price-to-earnings-growth ratio of 0.35 and a beta of 0.56. CNX Resources Corporation. has a twelve month low of $27.00 and a twelve month high of $41.93.

CNX Resources (NYSE:CNX) last issued its earnings results on Thursday, October 30th. The oil and gas producer reported $0.46 EPS for the quarter, topping the consensus estimate of $0.37 by $0.09. The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $408.80 million. CNX Resources had a return on equity of 8.93% and a net margin of 9.70%.CNX Resources’s quarterly revenue was up 37.6% compared to the same quarter last year. On average, analysts predict that CNX Resources Corporation. will post 2.18 EPS for the current year.

CNX Resources Company 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.