Natixis Advisors LLC Grows Stock Position in CNX Resources Co. (NYSE:CNX)

Natixis Advisors LLC boosted its position in shares of CNX Resources Co. (NYSE:CNX) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,644 shares of the oil and gas producer’s stock after buying an additional 1,241 shares during the quarter. Natixis Advisors LLC’s holdings in CNX Resources were worth $1,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of CNX Resources by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock worth $46,000 after purchasing an additional 666 shares during the period. Blue Trust Inc. lifted its stake in CNX Resources by 135.4% in the third quarter. Blue Trust Inc. now owns 1,966 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 1,131 shares during the last quarter. CWM LLC boosted its position in shares of CNX Resources by 77.0% during the third quarter. CWM LLC now owns 2,149 shares of the oil and gas producer’s stock valued at $70,000 after buying an additional 935 shares during the period. Innealta Capital LLC bought a new position in shares of CNX Resources during the second quarter valued at approximately $131,000. Finally, Atomi Financial Group Inc. bought a new position in shares of CNX Resources during the third quarter valued at approximately $202,000. Institutional investors own 95.16% of the company’s stock.

CNX Resources Trading Up 0.9 %

NYSE:CNX opened at $40.78 on Wednesday. The stock has a 50-day simple moving average of $35.25 and a 200-day simple moving average of $29.04. The stock has a market cap of $6.09 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.99 and a beta of 1.37. CNX Resources Co. has a 1 year low of $19.07 and a 1 year high of $41.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.36 and a current ratio of 0.37.

CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.09. The company had revenue of $424.21 million for the quarter, compared to analyst estimates of $398.33 million. CNX Resources had a return on equity of 7.54% and a net margin of 27.79%. During the same quarter last year, the company posted $0.35 earnings per share. As a group, analysts anticipate that CNX Resources Co. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CNX shares. Capital One Financial lowered CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 target price on the stock. in a research note on Monday, October 14th. Stephens raised their price target on shares of CNX Resources from $26.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Piper Sandler cut shares of CNX Resources from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $22.00 to $20.00 in a research report on Thursday, August 15th. Scotiabank lifted their price target on shares of CNX Resources from $25.00 to $27.00 and gave the company a “sector underperform” rating in a research note on Tuesday, August 20th. Finally, Bank of America started coverage on CNX Resources in a research note on Monday, October 28th. They issued an “underperform” rating and a $34.00 price objective on the stock. Six equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, CNX Resources has a consensus rating of “Hold” and a consensus price target of $29.00.

Insider Buying and Selling at CNX Resources

In other news, Director Bernard Lanigan, Jr. acquired 75,000 shares of CNX Resources stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average price of $26.81 per share, for a total transaction of $2,010,750.00. Following the completion of the transaction, the director now directly owns 401,820 shares in the company, valued at approximately $10,772,794.20. This trade represents a 22.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is owned by company insiders.

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.