Parametric Portfolio Associates LLC Sells 59,760 Shares of CNX Resources Corp (NYSE:CNX)
Parametric Portfolio Associates LLC decreased its holdings in CNX Resources Corp (NYSE:CNX) by 7.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 757,357 shares of the oil and gas producer’s stock after selling 59,760 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in CNX Resources were worth $8,157,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of CNX. US Bancorp DE grew its position in CNX Resources by 72.6% in the first quarter. US Bancorp DE now owns 2,717 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 1,143 shares during the last quarter. Investors Research Corp purchased a new position in CNX Resources during the 1st quarter worth approximately $57,000. Pearl River Capital LLC grew its position in CNX Resources by 1,047.6% during the 1st quarter. Pearl River Capital LLC now owns 5,738 shares of the oil and gas producer’s stock worth $62,000 after purchasing an additional 5,238 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in CNX Resources by 1,126.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 970,403 shares of the oil and gas producer’s stock worth $85,000 after purchasing an additional 891,300 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in CNX Resources by 869.5% during the 4th quarter. Macquarie Group Ltd. now owns 7,756 shares of the oil and gas producer’s stock worth $89,000 after purchasing an additional 6,956 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.
CNX has been the topic of several research analyst reports. Zacks Investment Research cut shares of CNX Resources from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. TheStreet cut shares of CNX Resources from a “b-” rating to a “c+” rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.20.
NYSE CNX opened at $7.12 on Friday. CNX Resources Corp has a twelve month low of $6.93 and a twelve month high of $18.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 0.62. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 5.09 and a beta of 0.79.
CNX Resources (NYSE:CNX) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). CNX Resources had a return on equity of 5.66% and a net margin of 12.00%. The firm had revenue of $278.40 million for the quarter, compared to analysts’ expectations of $408.29 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was down 43.8% on a year-over-year basis. As a group, equities analysts expect that CNX Resources Corp will post 0.67 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Parametric Portfolio Associates LLC Sells 59,760 Shares of CNX Resources Corp (NYSE:CNX)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/parametric-portfolio-associates-llc-sells-59760-shares-of-cnx-resources-corp-nysecnx/3043185.html.
CNX Resources Profile
CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.
Further Reading: What is meant by holder of record?
Want to see what other hedge funds are holding CNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNX Resources Corp (NYSE:CNX).
Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.com's FREE daily email newsletter.