American Century Companies Inc. Reduces Holdings in CNX Resources Corporation. $CNX

American Century Companies Inc. lowered its position in CNX Resources Corporation. (NYSE:CNX) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,782,370 shares of the oil and gas producer’s stock after selling 426,423 shares during the quarter. American Century Companies Inc. owned 1.97% of CNX Resources worth $93,710,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CNX. Ameritas Advisory Services LLC purchased a new stake in shares of CNX Resources during the second quarter worth about $32,000. MTM Investment Management LLC acquired a new stake in CNX Resources during the 2nd quarter valued at approximately $67,000. Public Employees Retirement System of Ohio purchased a new stake in CNX Resources during the 2nd quarter worth approximately $115,000. CWM LLC raised its position in shares of CNX Resources by 26.0% in the 2nd quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock valued at $115,000 after purchasing an additional 703 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of CNX Resources by 11.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 389 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

CNX Resources Price Performance

Shares of CNX opened at $37.39 on Wednesday. CNX Resources Corporation. has a 12 month low of $27.00 and a 12 month high of $41.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30. The stock has a fifty day moving average price of $33.56 and a 200 day moving average price of $32.11. The company has a market cap of $5.04 billion, a P/E ratio of 63.37, a PEG ratio of 0.35 and a beta of 0.56.

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

Analysts Set New Price Targets

CNX has been the subject of a number of recent analyst reports. Zacks Research raised shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Mizuho raised their price objective on shares of CNX Resources from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Siebert Williams Shank started coverage on shares of CNX Resources in a research note on Monday, September 15th. They issued a “hold” rating and a $32.00 target price on the stock. Morgan Stanley reduced their price target on shares of CNX Resources from $32.00 to $31.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 14th. Finally, Barclays boosted their price objective on CNX Resources from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $33.00.

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.