KBC Group NV Has $155,000 Stock Holdings in CNX Resources Corporation. $CNX

KBC Group NV lowered its position in CNX Resources Corporation. (NYSE:CNX) by 40.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,609 shares of the oil and gas producer’s stock after selling 3,159 shares during the quarter. KBC Group NV’s holdings in CNX Resources were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CNX. Vise Technologies Inc. acquired a new position in shares of CNX Resources in the second quarter valued at $252,000. Allworth Financial LP raised its holdings in shares of CNX Resources by 1,491.5% in the 2nd quarter. Allworth Financial LP now owns 5,618 shares of the oil and gas producer’s stock worth $189,000 after buying an additional 5,265 shares in the last quarter. Fox Run Management L.L.C. lifted its position in shares of CNX Resources by 26.0% during the 2nd quarter. Fox Run Management L.L.C. now owns 20,567 shares of the oil and gas producer’s stock worth $693,000 after buying an additional 4,250 shares during the period. Savant Capital LLC boosted its stake in CNX Resources by 25.6% in the 2nd quarter. Savant Capital LLC now owns 13,923 shares of the oil and gas producer’s stock valued at $469,000 after buying an additional 2,834 shares in the last quarter. Finally, Assetmark Inc. grew its position 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 acquiring an additional 10,224 shares during the period. 95.16% of the stock is currently owned by institutional investors.

CNX Resources Trading Down 0.5%

Shares of NYSE CNX opened at $36.97 on Thursday. CNX Resources Corporation. has a 1-year low of $27.00 and a 1-year high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $33.00 and a two-hundred day moving average of $31.94. The company has a market cap of $4.99 billion, a PE ratio of 62.67, a P/E/G ratio of 0.35 and a beta of 0.56.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNX. Scotiabank lifted their price objective on CNX Resources from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNX Resources in a report on Monday. Siebert Williams Shank began coverage on shares of CNX Resources in a report on Monday, September 15th. They set a “hold” rating and a $32.00 price target for the company. Mizuho boosted their price target on shares of CNX Resources from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, Morgan Stanley dropped their price objective on shares of CNX Resources from $32.00 to $31.00 and set an “underweight” rating for the company in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, CNX Resources currently has a consensus rating of “Reduce” and a consensus target price 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.