Capital Management Corp VA Acquires 32,404 Shares of CNX Resources Corporation. $CNX

Capital Management Corp VA grew its holdings in CNX Resources Corporation. (NYSE:CNXFree Report) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 393,671 shares of the oil and gas producer’s stock after purchasing an additional 32,404 shares during the quarter. CNX Resources makes up 2.0% of Capital Management Corp VA’s portfolio, making the stock its 22nd biggest position. Capital Management Corp VA owned 0.28% of CNX Resources worth $12,645,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CNX. Significant Wealth Partners LLC raised its stake in CNX Resources by 11.2% in the third quarter. Significant Wealth Partners LLC now owns 11,926 shares of the oil and gas producer’s stock worth $383,000 after buying an additional 1,204 shares in the last quarter. AlphaQuest LLC boosted its position in CNX Resources by 5,703.1% during the 3rd quarter. AlphaQuest LLC now owns 63,022 shares of the oil and gas producer’s stock valued at $2,024,000 after acquiring an additional 61,936 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of CNX Resources by 0.6% in the 3rd quarter. Federated Hermes Inc. now owns 445,394 shares of the oil and gas producer’s stock valued at $14,306,000 after acquiring an additional 2,616 shares during the period. Resona Asset Management Co. Ltd. raised its position in shares of CNX Resources by 5.0% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 14,002 shares of the oil and gas producer’s stock worth $450,000 after acquiring an additional 670 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of CNX Resources by 9.7% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 49,209 shares of the oil and gas producer’s stock worth $1,581,000 after purchasing an additional 4,331 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

CNX Resources News Summary

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CNX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of CNX Resources in a research note on Monday, December 29th. 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 report on Friday. Piper Sandler lifted their price target on shares of CNX Resources from $24.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday. 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 objective on CNX Resources from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $35.90.

Get Our Latest Stock Analysis on CNX

CNX Resources Stock Up 3.1%

Shares of CNX stock opened at $38.76 on Friday. CNX Resources Corporation. has a fifty-two week low of $27.00 and a fifty-two week high of $42.13. The firm has a market capitalization of $5.23 billion, a PE ratio of 10.53, a P/E/G ratio of 0.39 and a beta of 0.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.31 and a current ratio of 0.44. The stock’s 50-day simple moving average is $37.59 and its 200-day simple moving average is $33.77.

CNX Resources (NYSE:CNXGet Free Report) last issued its earnings results on Thursday, January 29th. The oil and gas producer reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.94. CNX Resources had a return on equity of 9.29% and a net margin of 28.28%.The firm had revenue of $610.48 million for the quarter, compared to analyst estimates of $422.65 million. During the same quarter in the prior year, the firm earned ($0.97) earnings per share. CNX Resources’s revenue for the quarter was up 347.0% on a year-over-year basis. Equities analysts expect that CNX Resources Corporation. will post 2.18 earnings per share for the current year.

CNX Resources Profile

(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

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

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