Edgestream Partners L.P. Acquires 37,024 Shares of CNX Resources Corporation. $CNX

Edgestream Partners L.P. increased its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 59.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,027 shares of the oil and gas producer’s stock after acquiring an additional 37,024 shares during the quarter. Edgestream Partners L.P. owned about 0.07% of CNX Resources worth $3,335,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CNX. Ameritas Advisory Services LLC bought a new stake in CNX Resources in the 2nd quarter valued at about $32,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of CNX Resources in the second quarter valued at approximately $46,000. MTM Investment Management LLC bought a new stake in shares of CNX Resources in the second quarter valued at approximately $67,000. Public Employees Retirement System of Ohio acquired a new stake in CNX Resources during the second quarter worth approximately $115,000. Finally, CWM LLC grew its position in CNX Resources by 26.0% during the second quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock worth $115,000 after buying an additional 703 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CNX shares. Barclays lifted 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. Zacks Research raised shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Siebert Williams Shank began coverage on shares of CNX Resources in a research note on Monday, September 15th. They set a “hold” rating and a $32.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of CNX Resources in a research report on Monday. Finally, Piper Sandler cut their price target on shares of CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $33.00.

CNX Resources Stock Up 3.3%

CNX stock opened at $40.27 on Thursday. The firm has a 50-day moving average price of $34.56 and a 200-day moving average price of $32.39. CNX Resources Corporation. has a 12 month low of $27.00 and a 12 month high of $40.45. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $5.43 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 0.36 and a beta of 0.64.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, October 30th. The oil and gas producer reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. CNX Resources had a net margin of 16.56% and a return on equity of 9.10%. The business had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $408.80 million. CNX Resources’s quarterly revenue was up 37.6% on a year-over-year basis. As a group, equities research analysts anticipate that CNX Resources Corporation. will post 2.18 EPS for the current fiscal year.

About CNX Resources

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.