Federated Hermes Inc. Has $14.91 Million Stock Position in CNX Resources Corporation. $CNX

Federated Hermes Inc. raised its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 442,778 shares of the oil and gas producer’s stock after purchasing an additional 49,316 shares during the period. Federated Hermes Inc. owned 0.31% of CNX Resources worth $14,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CNX. GAMMA Investing LLC lifted its holdings in CNX Resources by 11.5% in the second quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock valued at $127,000 after buying an additional 389 shares during the period. Hodges Capital Management Inc. grew its holdings in CNX Resources by 6.2% during the 1st quarter. Hodges Capital Management Inc. now owns 6,900 shares of the oil and gas producer’s stock worth $217,000 after acquiring an additional 400 shares during the period. Fox Run Management L.L.C. raised its position in shares of CNX Resources by 2.7% during the 1st quarter. Fox Run Management L.L.C. now owns 16,317 shares of the oil and gas producer’s stock valued at $514,000 after acquiring an additional 432 shares during the last quarter. Pullen Investment Management LLC raised its position in shares of CNX Resources by 1.3% during the 2nd quarter. Pullen Investment Management LLC now owns 33,068 shares of the oil and gas producer’s stock valued at $1,114,000 after acquiring an additional 435 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in shares of CNX Resources by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 30,746 shares of the oil and gas producer’s stock valued at $1,036,000 after purchasing an additional 462 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

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. Piper Sandler lowered their price target on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Thursday, August 14th. Morgan Stanley reduced their price objective on shares of CNX Resources from $32.00 to $31.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 14th. Zacks Research raised shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. upgraded shares of CNX Resources from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $36.00 to $38.00 in a report on Monday. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $33.27.

CNX Resources Stock Up 2.2%

Shares of CNX stock opened at $41.03 on Thursday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 0.37 and a beta of 0.64. CNX Resources Corporation. has a 12-month low of $27.00 and a 12-month high of $42.13. The firm has a fifty day moving average of $35.37 and a 200-day moving average of $32.69. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 0.55.

CNX Resources (NYSE:CNX) last released its earnings results 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 return on equity of 9.10% and a net margin of 16.56%.The firm had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $408.80 million. The business’s revenue for the quarter was up 37.6% on a year-over-year basis. As a group, equities research analysts predict that CNX Resources Corporation. will post 2.18 earnings per share for the current fiscal year.

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.