Assetmark Inc. Has $4.58 Million Stake in CNX Resources Corporation. $CNX

Assetmark Inc. reduced its position in CNX Resources Corporation. (NYSE:CNX) by 84.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,705 shares of the oil and gas producer’s stock after selling 756,926 shares during the period. Assetmark Inc.’s holdings in CNX Resources were worth $4,584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC increased its holdings in CNX Resources by 5,703.1% during the 3rd quarter. AlphaQuest LLC now owns 63,022 shares of the oil and gas producer’s stock worth $2,024,000 after purchasing an additional 61,936 shares in the last quarter. Capital Management Corp VA grew its holdings in CNX Resources by 9.0% during the third quarter. Capital Management Corp VA now owns 393,671 shares of the oil and gas producer’s stock worth $12,645,000 after buying an additional 32,404 shares in the last quarter. Paradiem LLC purchased a new stake in CNX Resources in the 3rd quarter valued at $984,000. Bayforest Capital Ltd bought a new position in CNX Resources during the 3rd quarter valued at $579,000. Finally, Hsbc Holdings PLC lifted its stake in CNX Resources by 548.9% during the 2nd quarter. Hsbc Holdings PLC now owns 48,774 shares of the oil and gas producer’s stock valued at $1,668,000 after acquiring an additional 41,258 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Performance

Shares of CNX opened at $39.83 on Wednesday. CNX Resources Corporation. has a 1 year low of $27.68 and a 1 year high of $42.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.44 and a quick ratio of 0.41. The stock’s fifty day moving average price is $37.61 and its two-hundred day moving average price is $34.42. The firm has a market cap of $5.67 billion, a PE ratio of 10.82, a PEG ratio of 0.42 and a beta of 0.66.

CNX Resources (NYSE:CNX) last announced its quarterly earnings data on Thursday, January 29th. The oil and gas producer reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.94. The company had revenue of $610.48 million during the quarter, compared to analyst estimates of $422.65 million. CNX Resources had a return on equity of 9.29% and a net margin of 28.28%.The firm’s revenue for the quarter was up 347.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.97) EPS. On average, equities research analysts forecast that CNX Resources Corporation. will post 2.18 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on CNX shares. Piper Sandler set a $26.00 target price on shares of CNX Resources in a report on Monday, February 2nd. Scotiabank reissued a “sector perform” rating and set a $44.00 target price on shares of CNX Resources in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised CNX Resources from an “underweight” rating to a “neutral” rating and upped their target price for the company from $36.00 to $38.00 in a report on Monday, December 8th. Roth Mkm set a $35.00 price target on CNX Resources and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, Mizuho boosted their price objective on CNX Resources from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.