First National Bank of Omaha Sells 32,475 Shares of CNX Resources Co. (NYSE:CNX)

First National Bank of Omaha lessened its position in shares of CNX Resources Co. (NYSE:CNX) by 30.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 73,406 shares of the oil and gas producer’s stock after selling 32,475 shares during the period. First National Bank of Omaha’s holdings in CNX Resources were worth $2,391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CNX. XTX Topco Ltd bought a new position in shares of CNX Resources in the 3rd quarter worth about $804,000. iSAM Funds UK Ltd acquired a new stake in CNX Resources during the third quarter worth approximately $564,000. Weiss Asset Management LP bought a new stake in CNX Resources in the third quarter worth approximately $476,000. Systematic Financial Management LP acquired a new position in CNX Resources in the third quarter valued at approximately $882,000. Finally, Quadrature Capital Ltd bought a new position in shares of CNX Resources during the 3rd quarter worth approximately $649,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CNX shares. Scotiabank boosted their target price on shares of CNX Resources from $25.00 to $27.00 and gave the company a “sector underperform” rating in a research report on Tuesday, August 20th. Capital One Financial lowered shares of CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective on the stock. in a report on Monday, October 14th. Tudor Pickering upgraded CNX Resources to a “strong sell” rating in a research note on Tuesday, October 1st. Bank of America initiated coverage on CNX Resources in a research report on Monday, October 28th. They issued an “underperform” rating and a $34.00 target price for the company. Finally, Tudor, Pickering, Holt & Co. lowered CNX Resources from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Seven investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $30.00.

CNX Resources Trading Down 3.6 %

NYSE CNX opened at $36.82 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $36.83 and a 200 day simple moving average of $30.00. CNX Resources Co. has a 12 month low of $19.07 and a 12 month high of $41.93. The firm has a market capitalization of $5.50 billion, a P/E ratio of 11.58, a PEG ratio of 1.85 and a beta of 1.43.

CNX Resources (NYSE:CNX) last released its quarterly earnings results on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. CNX Resources had a net margin of 27.79% and a return on equity of 7.54%. The company had revenue of $424.21 million for the quarter, compared to analyst estimates of $398.33 million. During the same period last year, the firm earned $0.35 earnings per share. On average, analysts predict that CNX Resources Co. will post 1.53 EPS for the current fiscal year.

About CNX Resources

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.