CNX Resources Corporation. $CNX Shares Bought by denkapparat Operations GmbH

denkapparat Operations GmbH lifted its stake in shares of CNX Resources Corporation. (NYSE:CNX) by 96.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,166 shares of the oil and gas producer’s stock after purchasing an additional 18,720 shares during the quarter. denkapparat Operations GmbH’s holdings in CNX Resources were worth $1,295,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in CNX Resources by 56.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 810 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 293 shares in the last quarter. Aigen Investment Management LP lifted its stake in shares of CNX Resources by 4.9% in the 4th quarter. Aigen Investment Management LP now owns 7,619 shares of the oil and gas producer’s stock worth $280,000 after acquiring an additional 354 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of CNX Resources by 3.2% in the 4th quarter. Arkadios Wealth Advisors now owns 13,028 shares of the oil and gas producer’s stock worth $479,000 after acquiring an additional 400 shares during the period. Petra Financial Advisors Inc. lifted its stake in shares of CNX Resources by 1.1% in the 1st quarter. Petra Financial Advisors Inc. now owns 55,393 shares of the oil and gas producer’s stock worth $2,135,000 after acquiring an additional 621 shares during the period. Finally, Midwest Professional Planners LTD. boosted its holdings in shares of CNX Resources by 2.5% in the fourth quarter. Midwest Professional Planners LTD. now owns 26,449 shares of the oil and gas producer’s stock valued at $973,000 after acquiring an additional 642 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings cut CNX Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Tudor Pickering raised CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Truist Financial upgraded CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research report on Wednesday, July 15th. Morgan Stanley dropped their price objective on CNX Resources from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Monday, June 29th. Finally, Barclays cut their price objective on CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, May 26th. Nine research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, CNX Resources presently has an average rating of “Reduce” and an average price target of $35.44.

CNX Resources Stock Performance

Shares of CNX opened at $37.75 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.72 and a quick ratio of 0.67. The firm’s 50 day moving average is $34.77 and its 200-day moving average is $36.64. CNX Resources Corporation. has a 12-month low of $28.82 and a 12-month high of $43.62. The stock has a market capitalization of $5.58 billion, a P/E ratio of 6.30 and a beta of 0.61.

CNX Resources (NYSE:CNX) last released its earnings results on Thursday, July 30th. The oil and gas producer reported $1.32 EPS for the quarter, beating the consensus estimate of $0.60 by $0.72. The business had revenue of $618.48 million during the quarter, compared to analyst estimates of $475.16 million. CNX Resources had a net margin of 36.53% and a return on equity of 10.40%. The business’s quarterly revenue was down 35.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.43 earnings per share. Equities research analysts anticipate that CNX Resources Corporation. will post 3.08 EPS for the current fiscal year.

CNX Resources Company Profile

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.