CNX Resources Corporation. $CNX Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of CNX Resources Corporation. (NYSE:CNX) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,601 shares of the oil and gas producer’s stock after selling 25,225 shares during the period. Rhumbline Advisers owned about 0.33% of CNX Resources worth $14,441,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its stake 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 valued at $18,708,000 after purchasing an additional 545,114 shares during the period. AQR Capital Management LLC lifted its holdings in CNX Resources by 112.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,007,486 shares of the oil and gas producer’s stock worth $33,932,000 after buying an additional 532,770 shares in the last quarter. HRT Financial LP boosted its position in 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 buying an additional 208,758 shares during the period. Adage Capital Partners GP L.L.C. grew its stake in shares of 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 worth $47,152,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of CNX Resources by 119.7% during the second quarter. Schroder Investment Management Group now owns 347,645 shares of the oil and gas producer’s stock worth $11,709,000 after acquiring an additional 189,428 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Stock Up 0.9%

CNX stock opened at $40.20 on Thursday. CNX Resources Corporation. has a one year low of $27.68 and a one year high of $42.13. The company has a fifty day moving average of $37.59 and a 200-day moving average of $34.46. The stock has a market capitalization of $5.72 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 0.41 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.41 and a current ratio of 0.44.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, January 29th. The oil and gas producer reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $422.65 million. During the same period last year, the business posted ($0.97) EPS. CNX Resources’s quarterly revenue was up 347.0% on a year-over-year basis. As a group, analysts expect that CNX Resources Corporation. will post 2.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CNX. Scotiabank reiterated a “sector perform” rating and issued a $44.00 target price on shares of CNX Resources in a report on Wednesday, January 21st. Barclays lifted their price objective on CNX Resources from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Friday, January 30th. Morgan Stanley upped their target price on shares of CNX Resources from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. Mizuho raised their target price on shares of CNX Resources from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Weiss Ratings upgraded shares of CNX Resources from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $36.00.

About CNX Resources

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.