AlphaQuest LLC Boosts Stake in CNX Resources Corporation. $CNX

AlphaQuest LLC grew its position in CNX Resources Corporation. (NYSE:CNXFree Report) by 5,703.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,022 shares of the oil and gas producer’s stock after purchasing an additional 61,936 shares during the period. AlphaQuest LLC’s holdings in CNX Resources were worth $2,024,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNX. Mackenzie Financial Corp increased its position in shares of CNX Resources by 5,262.2% in the second quarter. Mackenzie Financial Corp now owns 555,473 shares of the oil and gas producer’s stock worth $18,708,000 after acquiring an additional 545,114 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of CNX Resources by 112.2% in the second quarter. AQR Capital Management LLC now owns 1,007,486 shares of the oil and gas producer’s stock worth $33,932,000 after acquiring an additional 532,770 shares in the last quarter. HRT Financial LP raised its position in shares of CNX Resources by 212.9% in the 2nd quarter. HRT Financial LP now owns 306,803 shares of the oil and gas producer’s stock valued at $10,333,000 after purchasing an additional 208,758 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in CNX Resources by 16.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,400,000 shares of the oil and gas producer’s stock valued at $47,152,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of CNX Resources by 119.7% in the 2nd quarter. Schroder Investment Management Group now owns 347,645 shares of the oil and gas producer’s stock valued at $11,709,000 after purchasing an additional 189,428 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

More CNX Resources News

Here are the key news stories impacting CNX Resources this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CNX shares. Mizuho raised their price objective on CNX Resources from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Barclays raised their price target on shares of CNX Resources from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of CNX Resources in a research report on Monday, December 29th. Roth Mkm set a $35.00 price target on CNX Resources and gave the stock a “neutral” rating in a research report on Thursday. Finally, Morgan Stanley raised their price target on CNX Resources from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $35.90.

View Our Latest Research Report on CNX Resources

CNX Resources Price Performance

Shares of CNX Resources stock opened at $38.76 on Friday. CNX Resources Corporation. has a 52 week low of $27.00 and a 52 week high of $42.13. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.23 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 0.39 and a beta of 0.63. The company’s 50-day moving average price is $37.59 and its two-hundred day moving average price is $33.77.

CNX Resources (NYSE:CNXGet Free Report) last released its earnings results on Thursday, January 29th. The oil and gas producer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.94. CNX Resources had a net margin of 28.28% and a return on equity of 9.29%. The business had revenue of $610.48 million for the quarter, compared to the consensus estimate of $422.65 million. During the same period in the previous year, the firm earned ($0.97) EPS. The business’s revenue for the quarter was up 347.0% on a year-over-year basis. As a group, sell-side analysts anticipate that CNX Resources Corporation. will post 2.18 EPS for the current fiscal year.

About CNX Resources

(Free Report)

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.

See Also

Institutional Ownership by Quarter for CNX Resources (NYSE:CNX)

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