Legacy Capital Wealth Partners LLC purchased a new position in shares of CNX Resources Co. (NYSE:CNX – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,417 shares of the oil and gas producer’s stock, valued at approximately $205,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in CNX Resources by 54.1% during the second quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock worth $46,000 after buying an additional 666 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of CNX Resources by 113.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,138 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 1,136 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of CNX Resources during the 4th quarter valued at about $55,000. Natixis acquired a new stake in CNX Resources during the first quarter worth approximately $79,000. Finally, Innealta Capital LLC bought a new stake in CNX Resources in the second quarter worth approximately $131,000. Institutional investors and hedge funds own 95.16% of the company’s stock.
CNX Resources Stock Performance
Shares of CNX opened at $27.14 on Thursday. CNX Resources Co. has a 52 week low of $19.07 and a 52 week high of $28.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.40 and a current ratio of 0.41. The stock has a 50 day moving average price of $25.99 and a two-hundred day moving average price of $24.37. The firm has a market capitalization of $4.16 billion, a P/E ratio of 4.92 and a beta of 1.37.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. StockNews.com downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Piper Sandler downgraded shares of CNX Resources from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $22.00 to $20.00 in a research note on Thursday, August 15th. Scotiabank increased their price objective on shares of CNX Resources from $25.00 to $27.00 and gave the stock a “sector underperform” rating in a research report on Tuesday, August 20th. Stephens reaffirmed an “equal weight” rating and issued a $27.00 target price on shares of CNX Resources in a research report on Monday, July 15th. Finally, Truist Financial upped their target price on CNX Resources from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.57.
Read Our Latest Research Report on CNX Resources
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.
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