Geode Capital Management LLC Sells 57,455 Shares of CNX Resources Corporation. $CNX

Geode Capital Management LLC lessened its position in shares of CNX Resources Corporation. (NYSE:CNX) by 1.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,630,158 shares of the oil and gas producer’s stock after selling 57,455 shares during the period. Geode Capital Management LLC owned 2.57% of CNX Resources worth $122,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of CNX Resources by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer’s stock worth $502,178,000 after acquiring an additional 665,289 shares in the last quarter. Southeast Asset Advisors LLC boosted its position in shares of CNX Resources by 6.3% during the 1st quarter. Southeast Asset Advisors LLC now owns 2,408,025 shares of the oil and gas producer’s stock valued at $75,805,000 after purchasing an additional 141,819 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in CNX Resources by 514.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,200,000 shares of the oil and gas producer’s stock worth $37,776,000 after purchasing an additional 1,004,545 shares during the period. Nuveen LLC bought a new stake in CNX Resources in the first quarter worth approximately $35,567,000. Finally, Assetmark Inc. lifted its stake in CNX Resources by 1.1% in the second quarter. Assetmark Inc. now owns 899,631 shares of the oil and gas producer’s stock valued at $30,300,000 after buying an additional 10,224 shares during the period. Institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Down 0.5%

Shares of NYSE CNX opened at $36.97 on Thursday. 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 company has a 50-day moving average price of $33.00 and a 200-day moving average price of $31.94. The stock has a market capitalization of $4.99 billion, a P/E ratio of 62.67, a P/E/G ratio of 0.35 and a beta of 0.56. CNX Resources Corporation. has a 1 year low of $27.00 and a 1 year high of $41.93.

CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, October 30th. The oil and gas producer reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The company had revenue of $423.00 million for the quarter, compared to analyst estimates of $408.80 million. CNX Resources had a net margin of 9.70% and a return on equity of 8.93%. The company’s quarterly revenue was up 37.6% compared to the same quarter last year. On average, equities research analysts forecast that CNX Resources Corporation. will post 2.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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 report on Friday, October 31st. Scotiabank lifted their price target on shares of CNX Resources from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Mizuho upped their price objective on shares of CNX Resources from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of CNX Resources in a research note on Monday. Finally, Siebert Williams Shank began coverage on CNX Resources in a research report on Monday, September 15th. They issued a “hold” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company 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.