Vanguard Group Inc. Has $102.21 Million Stock Holdings in CNX Resources Corp (NYSE:CNX)

Vanguard Group Inc. trimmed its stake in CNX Resources Corp (NYSE:CNX) by 5.8% in the second quarter, HoldingsChannel reports. The firm owned 13,982,009 shares of the oil and gas producer’s stock after selling 865,628 shares during the period. Vanguard Group Inc. owned approximately 0.07% of CNX Resources worth $102,209,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in CNX Resources by 386.5% in the second quarter. Signaturefd LLC now owns 6,641 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 5,276 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in CNX Resources in the first quarter worth $168,000. Magnus Financial Group LLC acquired a new stake in CNX Resources in the second quarter worth $84,000. Tower Research Capital LLC TRC grew its holdings in CNX Resources by 11,406.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,506 shares of the oil and gas producer’s stock worth $84,000 after purchasing an additional 11,406 shares during the period. Finally, Weiss Asset Management LP grew its holdings in CNX Resources by 17.2% in the first quarter. Weiss Asset Management LP now owns 14,540 shares of the oil and gas producer’s stock worth $157,000 after purchasing an additional 2,129 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

In other CNX Resources news, Director Bernard Lanigan, Jr. acquired 200,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were purchased at an average cost of $6.39 per share, with a total value of $1,278,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is currently owned by company insiders.



A number of research firms have commented on CNX. KeyCorp began coverage on shares of CNX Resources in a report on Wednesday. They issued a “sector weight” rating and a $11.00 price target for the company. ValuEngine upgraded shares of CNX Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of CNX Resources from a “sell” rating to a “hold” rating and set a $9.00 price target for the company in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.00.

CNX Resources stock opened at $7.11 on Wednesday. CNX Resources Corp has a 1-year low of $6.14 and a 1-year high of $16.09. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 4.65 and a beta of 0.64. The firm’s fifty day moving average price is $7.76 and its two-hundred day moving average price is $8.21. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 0.54.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). CNX Resources had a net margin of 17.60% and a return on equity of 4.09%. The business had revenue of $605.03 million during the quarter, compared to the consensus estimate of $357.30 million. During the same period last year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was up 50.5% on a year-over-year basis. On average, research analysts forecast that CNX Resources Corp will post 0.65 EPS for the current year.

CNX Resources Profile

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.

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Institutional Ownership by Quarter for CNX Resources (NYSE:CNX)

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