Fox Run Management L.L.C. Invests $583,000 in CNX Resources Co. (NYSE:CNX)

Fox Run Management L.L.C. bought a new position in CNX Resources Co. (NYSE:CNX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,885 shares of the oil and gas producer’s stock, valued at approximately $583,000.

A number of other large investors have also bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new position in CNX Resources in the 4th quarter valued at $39,000. VSM Wealth Advisory LLC bought a new position in shares of CNX Resources in the fourth quarter valued at about $55,000. Principal Securities Inc. lifted its position in CNX Resources by 38.5% during the 4th quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer’s stock worth $91,000 after buying an additional 691 shares in the last quarter. Blue Trust Inc. grew its holdings in CNX Resources by 65.1% during the 4th quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer’s stock worth $119,000 after acquiring an additional 1,280 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in CNX Resources during the 4th quarter worth about $121,000. 95.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CNX shares. Stephens upgraded shares of CNX Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $35.00 to $48.00 in a research report on Tuesday, March 18th. JPMorgan Chase & Co. upped their price objective on CNX Resources from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, March 13th. Raymond James raised CNX Resources from an “underperform” rating to a “market perform” rating in a research note on Tuesday, February 18th. StockNews.com lowered CNX Resources from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, Roth Capital set a $30.00 price objective on CNX Resources in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.38.

Insider Activity at CNX Resources

In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of CNX Resources stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $31.09, for a total value of $33,421,750.00. Following the transaction, the insider now owns 13,925,000 shares of the company’s stock, valued at approximately $432,928,250. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by insiders.

CNX Resources Trading Up 0.4 %

CNX opened at $31.86 on Tuesday. CNX Resources Co. has a twelve month low of $22.80 and a twelve month high of $41.93. The firm has a market cap of $4.74 billion, a PE ratio of -46.84, a price-to-earnings-growth ratio of 0.42 and a beta of 1.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.32 and a current ratio of 0.33. The firm’s fifty day moving average is $29.75 and its two-hundred day moving average is $33.17.

CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. CNX Resources had a positive return on equity of 6.72% and a negative net margin of 7.14%. Equities research analysts anticipate that CNX Resources Co. will post 2.18 EPS for the current year.

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.