Intech Investment Management LLC Buys 79,704 Shares of CNX Resources Corporation. $CNX

Intech Investment Management LLC raised its stake in shares of CNX Resources Corporation. (NYSE:CNX) by 33.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,267 shares of the oil and gas producer’s stock after purchasing an additional 79,704 shares during the period. Intech Investment Management LLC owned 0.22% of CNX Resources worth $10,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning grew its stake in CNX Resources by 13.7% in the 2nd quarter. Creative Planning now owns 55,609 shares of the oil and gas producer’s stock valued at $1,873,000 after buying an additional 6,680 shares during the last quarter. SG Americas Securities LLC grew its position in shares of CNX Resources by 43.5% in the second quarter. SG Americas Securities LLC now owns 30,390 shares of the oil and gas producer’s stock valued at $1,024,000 after purchasing an additional 9,214 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of CNX Resources by 4.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,184 shares of the oil and gas producer’s stock worth $1,252,000 after purchasing an additional 1,605 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in shares of CNX Resources by 1.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 32,099 shares of the oil and gas producer’s stock worth $1,081,000 after purchasing an additional 601 shares during the last quarter. Finally, Vise Technologies Inc. bought a new stake in CNX Resources during the 2nd quarter valued at approximately $252,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

CNX Resources Stock Down 0.1%

Shares of CNX stock opened at $36.76 on Friday. The stock has a market cap of $4.96 billion, a P/E ratio of 62.31, a price-to-earnings-growth ratio of 0.35 and a beta of 0.56. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30. The stock has a fifty day moving average price of $32.54 and a 200 day moving average price of $31.79. CNX Resources Corporation. has a one year low of $27.00 and a one year high of $41.93.

CNX Resources (NYSE:CNX) last announced its quarterly earnings data on Thursday, October 30th. The oil and gas producer reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. CNX Resources had a net margin of 9.70% and a return on equity of 8.93%. The company had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $408.80 million. The business’s quarterly revenue was up 37.6% on a year-over-year basis. Analysts predict that CNX Resources Corporation. will post 2.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CNX. Piper Sandler lowered their target price on CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Thursday, August 14th. Barclays raised their price objective on shares of CNX Resources from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Mizuho boosted their target price on shares of CNX Resources from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Scotiabank increased their price target on shares of CNX Resources from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Finally, Siebert Williams Shank started coverage on shares of CNX Resources in a research report on Monday, September 15th. They issued a “hold” rating and a $32.00 price target on the stock. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $32.67.

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.