Advisors Preferred LLC Purchases 22,631 Shares of CNX Resources Corporation. $CNX

Advisors Preferred LLC lifted its position in shares of CNX Resources Corporation. (NYSE:CNX) by 99.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,378 shares of the oil and gas producer’s stock after buying an additional 22,631 shares during the period. Advisors Preferred LLC’s holdings in CNX Resources were worth $1,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Advyzon Investment Management LLC acquired a new position in CNX Resources during the 3rd quarter worth approximately $202,000. Jupiter Asset Management Ltd. bought a new stake in shares of CNX Resources in the third quarter worth $12,960,000. denkapparat Operations GmbH acquired a new position in CNX Resources during the third quarter worth $335,000. State of New Jersey Common Pension Fund D boosted its holdings in CNX Resources by 23.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 74,243 shares of the oil and gas producer’s stock worth $2,385,000 after purchasing an additional 13,896 shares during the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. grew its position in CNX Resources by 3.4% in the third quarter. Eubel Brady & Suttman Asset Management Inc. now owns 410,579 shares of the oil and gas producer’s stock valued at $13,188,000 after purchasing an additional 13,574 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Trading Down 0.5%

Shares of CNX Resources stock opened at $40.45 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.44 and a quick ratio of 0.41. The business has a fifty day simple moving average of $37.64 and a two-hundred day simple moving average of $34.62. CNX Resources Corporation. has a 1 year low of $27.68 and a 1 year high of $42.13. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.42 and a beta of 0.66.

CNX Resources (NYSE:CNX) last issued 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. The company had revenue of $610.48 million for the quarter, compared to analyst estimates of $422.65 million. CNX Resources had a net margin of 28.28% and a return on equity of 9.29%. The company’s revenue was up 347.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.97) earnings per share. Research analysts forecast that CNX Resources Corporation. will post 2.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CNX shares. Morgan Stanley boosted their price target on shares of CNX Resources from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. Zacks Research lowered CNX Resources from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. JPMorgan Chase & Co. raised CNX Resources from an “underweight” rating to a “neutral” rating and increased their price target for the company from $36.00 to $38.00 in a research report on Monday, December 8th. Piper Sandler set a $26.00 price target on CNX Resources in a research note on Monday, February 2nd. Finally, Roth Mkm set a $35.00 price objective on CNX Resources and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price 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.