LSV Asset Management Has $41.68 Million Position in CNX Resources Co. (NYSE:CNX)

LSV Asset Management lifted its position in CNX Resources Co. (NYSE:CNX) by 18.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,757,121 shares of the oil and gas producer’s stock after acquiring an additional 267,768 shares during the period. LSV Asset Management owned approximately 1.15% of CNX Resources worth $41,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of CNX Resources by 11.2% during the third quarter. American Century Companies Inc. now owns 2,154,145 shares of the oil and gas producer’s stock worth $48,641,000 after purchasing an additional 217,753 shares in the last quarter. Comerica Bank bought a new position in CNX Resources during the third quarter worth about $4,054,000. Capital Management Corp VA grew its stake in CNX Resources by 25.2% in the fourth quarter. Capital Management Corp VA now owns 736,283 shares of the oil and gas producer’s stock valued at $14,726,000 after acquiring an additional 148,037 shares during the period. International Assets Investment Management LLC bought a new stake in shares of CNX Resources in the fourth quarter worth about $2,176,000. Finally, Quest Partners LLC acquired a new stake in shares of CNX Resources during the fourth quarter worth about $1,691,000. Institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Performance

Shares of CNX traded down $0.08 during midday trading on Friday, reaching $25.92. The stock had a trading volume of 2,322,897 shares, compared to its average volume of 2,772,414. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $24.72 and a 200-day simple moving average of $22.66. The firm has a market cap of $3.97 billion, a PE ratio of 4.74 and a beta of 1.37. CNX Resources Co. has a one year low of $17.45 and a one year high of $26.57.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. CNX Resources had a return on equity of 7.68% and a net margin of 40.44%. The company had revenue of $381.00 million during the quarter, compared to analysts’ expectations of $420.13 million. As a group, sell-side analysts anticipate that CNX Resources Co. will post 1.35 EPS for the current year.

Analyst Ratings Changes

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

CNX Resources 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.