Easterly Investment Partners LLC Has $1.55 Million Stock Holdings in CNX Resources Co. (NYSE:CNX)

Easterly Investment Partners LLC increased its position in CNX Resources Co. (NYSE:CNX) by 169.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,230 shares of the oil and gas producer’s stock after purchasing an additional 41,009 shares during the quarter. Easterly Investment Partners LLC’s holdings in CNX Resources were worth $1,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC acquired a new stake in CNX Resources during the 1st quarter worth $986,000. Pullen Investment Management LLC bought a new stake in CNX Resources in the first quarter valued at about $635,000. Janney Montgomery Scott LLC lifted its stake in CNX Resources by 14.0% in the first quarter. Janney Montgomery Scott LLC now owns 117,125 shares of the oil and gas producer’s stock valued at $2,778,000 after buying an additional 14,383 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in CNX Resources by 15.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 83,943 shares of the oil and gas producer’s stock valued at $1,991,000 after buying an additional 10,993 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its holdings in CNX Resources by 10.1% during the first quarter. SeaBridge Investment Advisors LLC now owns 77,277 shares of the oil and gas producer’s stock worth $1,833,000 after buying an additional 7,082 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CNX shares. Truist Financial upped their price target on CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Scotiabank lifted their price target 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. Roth Mkm boosted their price target on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Mizuho raised their price objective on CNX Resources from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Piper Sandler boosted their target price on CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Two research 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. According to data from MarketBeat.com, CNX Resources currently has an average rating of “Hold” and a consensus price target of $25.00.

CNX Resources Stock Up 0.2 %

NYSE CNX traded up $0.04 on Wednesday, reaching $25.50. The company had a trading volume of 605,835 shares, compared to its average volume of 2,761,869. The company’s fifty day moving average is $24.61 and its 200-day moving average is $22.62. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 4.61 and a beta of 1.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.51 and a current ratio of 0.53. CNX Resources Co. has a 1-year low of $17.45 and a 1-year high of $26.57.

CNX Resources (NYSE:CNX) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $0.45 earnings per share for the quarter, topping the consensus estimate 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. On average, research analysts forecast that CNX Resources Co. will post 1.32 earnings per share for the current fiscal year.

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.