LSV Asset Management Sells 40,400 Shares of CNX Resources Corporation. $CNX

LSV Asset Management lessened its position in CNX Resources Corporation. (NYSE:CNX) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 632,500 shares of the oil and gas producer’s stock after selling 40,400 shares during the period. LSV Asset Management owned approximately 0.47% of CNX Resources worth $20,316,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Gallacher Capital Management LLC acquired a new position in shares of CNX Resources in the 3rd quarter valued at $314,000. Hantz Financial Services Inc. raised its stake in CNX Resources by 462.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,954 shares of the oil and gas producer’s stock worth $95,000 after buying an additional 2,429 shares during the period. Bridges Investment Management Inc. lifted its holdings in CNX Resources by 6.4% during the third quarter. Bridges Investment Management Inc. now owns 54,862 shares of the oil and gas producer’s stock worth $1,762,000 after acquiring an additional 3,310 shares in the last quarter. State of Wyoming grew its stake in CNX Resources by 801.4% in the third quarter. State of Wyoming now owns 7,788 shares of the oil and gas producer’s stock valued at $250,000 after acquiring an additional 6,924 shares during the period. Finally, Capital Management Corp VA grew its stake in CNX Resources by 9.0% in the third quarter. Capital Management Corp VA now owns 393,671 shares of the oil and gas producer’s stock valued at $12,645,000 after acquiring an additional 32,404 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

CNX Resources Trading Up 3.4%

NYSE:CNX opened at $40.58 on Friday. The company has a market cap of $5.78 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.42 and a beta of 0.66. CNX Resources Corporation. has a twelve month low of $27.68 and a twelve month high of $42.13. The business has a 50 day moving average price of $37.62 and a two-hundred day moving average price of $34.24. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 0.52.

CNX Resources (NYSE:CNX) last posted its quarterly earnings data on Thursday, January 29th. The oil and gas producer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.94. CNX Resources had a net margin of 28.28% and a return on equity of 9.29%. The company had revenue of $610.48 million for the quarter, compared to the consensus estimate of $422.65 million. During the same period last year, the company earned ($0.97) earnings per share. The firm’s revenue was up 347.0% compared to the same quarter last year. As a group, analysts expect that CNX Resources Corporation. will post 2.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CNX. Weiss Ratings raised CNX Resources from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday. JPMorgan Chase & Co. raised CNX Resources from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $36.00 to $38.00 in a research note on Monday, December 8th. Morgan Stanley raised their target price on shares of CNX Resources from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, January 23rd. Roth Mkm set a $35.00 price target on shares of CNX Resources and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Barclays increased their price objective on shares of CNX Resources from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $36.00.

About CNX Resources

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.