CNX Resources Co. (NYSE:CNX) Stock Holdings Lifted by AlphaMark Advisors LLC

AlphaMark Advisors LLC lifted its stake in shares of CNX Resources Co. (NYSE:CNX) by 36.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 15,225 shares of the oil and gas producer’s stock after acquiring an additional 4,091 shares during the quarter. AlphaMark Advisors LLC’s holdings in CNX Resources were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CNX. Hexagon Capital Partners LLC boosted its position in shares of CNX Resources by 113.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,138 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 1,136 shares during the period. Gateway Investment Advisers LLC acquired a new position in shares of CNX Resources in the first quarter worth about $231,000. Congress Asset Management Co. MA increased its position in shares of CNX Resources by 0.4% in the fourth quarter. Congress Asset Management Co. MA now owns 265,558 shares of the oil and gas producer’s stock worth $5,311,000 after acquiring an additional 945 shares in the last quarter. Parkwood LLC raised its holdings in shares of CNX Resources by 11.2% during the fourth quarter. Parkwood LLC now owns 490,435 shares of the oil and gas producer’s stock valued at $9,809,000 after acquiring an additional 49,278 shares during the period. Finally, CoreCommodity Management LLC lifted its position in shares of CNX Resources by 45.4% in the 4th quarter. CoreCommodity Management LLC now owns 83,566 shares of the oil and gas producer’s stock valued at $1,671,000 after acquiring an additional 26,084 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

CNX Resources Stock Performance

Shares of NYSE:CNX traded down $0.28 during trading on Monday, reaching $24.02. The stock had a trading volume of 1,796,572 shares, compared to its average volume of 2,805,251. The stock has a fifty day simple moving average of $24.50 and a two-hundred day simple moving average of $22.42. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. CNX Resources Co. has a 52 week low of $17.27 and a 52 week high of $26.57. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 4.35 and a beta of 1.38.

CNX Resources (NYSE:CNX) last announced its earnings results on Thursday, April 25th. The oil and gas producer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $381.00 million for the quarter, compared to the consensus estimate of $420.13 million. CNX Resources had a net margin of 40.44% and a return on equity of 7.68%. As a group, analysts anticipate that CNX Resources Co. will post 1.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

CNX has been the topic of several research analyst reports. Scotiabank lifted their price objective on shares of CNX Resources from $20.00 to $25.00 and gave the stock a “sector underperform” rating in a research report on Thursday, April 11th. Truist Financial lifted their price target on CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, April 5th. Mizuho lifted their target price on shares of CNX Resources from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Roth Mkm increased their price target on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Piper Sandler lifted their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.00.

CNX Resources Company 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.