Creative Planning Buys 6,680 Shares of CNX Resources Corporation. $CNX

Creative Planning grew its stake in shares of CNX Resources Corporation. (NYSE:CNX) by 13.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,609 shares of the oil and gas producer’s stock after purchasing an additional 6,680 shares during the quarter. Creative Planning’s holdings in CNX Resources were worth $1,873,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in shares of CNX Resources in the second quarter valued at $32,000. Public Employees Retirement System of Ohio bought a new position in shares of CNX Resources in the 2nd quarter valued at about $115,000. CWM LLC increased its stake in shares of CNX Resources by 26.0% during the 2nd quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock worth $115,000 after purchasing an additional 703 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of CNX Resources by 30.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,838 shares of the oil and gas producer’s stock valued at $129,000 after purchasing an additional 907 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Stock Performance

Shares of NYSE CNX opened at $38.31 on Thursday. 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 firm has a market cap of $5.17 billion, a price-to-earnings ratio of 64.93, a P/E/G ratio of 0.35 and a beta of 0.56. The stock’s fifty day moving average price is $33.71 and its two-hundred day moving average price is $32.15. CNX Resources Corporation. has a one year low of $27.00 and a one year high of $41.12.

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

Analyst Ratings Changes

A number of research firms recently commented on CNX. Weiss Ratings reiterated a “hold (c)” rating on shares of CNX Resources in a report on Monday. Barclays lifted their target price on CNX Resources from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Scotiabank increased their price target on CNX Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 21st. Mizuho lifted their price objective on shares of CNX Resources from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Siebert Williams Shank assumed coverage on shares of CNX Resources in a report on Monday, September 15th. They issued a “hold” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, CNX Resources has an average rating of “Reduce” and a consensus price target of $33.00.

CNX Resources 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.