CNX Resources Co. (NYSE:CNX) Stock Position Boosted by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC boosted its stake in CNX Resources Co. (NYSE:CNXGet Rating) by 196.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,262 shares of the oil and gas producer’s stock after buying an additional 53,156 shares during the period. AlphaCrest Capital Management LLC’s holdings in CNX Resources were worth $1,104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Liberty Wealth Management LLC grew its position in CNX Resources by 197.4% in the 3rd quarter. Liberty Wealth Management LLC now owns 2,498 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 1,658 shares in the last quarter. Lazard Asset Management LLC bought a new position in CNX Resources in the 4th quarter valued at about $35,000. Dark Forest Capital Management LP grew its position in CNX Resources by 1,080.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 2,632 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 2,409 shares in the last quarter. Point72 Hong Kong Ltd grew its position in CNX Resources by 154.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 3,002 shares of the oil and gas producer’s stock valued at $38,000 after buying an additional 1,823 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in CNX Resources by 28,913.3% in the 4th quarter. First Horizon Advisors Inc. now owns 4,352 shares of the oil and gas producer’s stock valued at $59,000 after buying an additional 4,337 shares in the last quarter. Hedge funds and other institutional investors own 95.34% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of CNX Resources from $29.00 to $33.00 in a research report on Thursday, April 28th. StockNews.com assumed coverage on shares of CNX Resources in a report on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial upped their price target on shares of CNX Resources from $16.00 to $22.00 in a report on Thursday, April 21st. Wells Fargo & Company upped their price target on shares of CNX Resources from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, March 14th. Finally, Piper Sandler downgraded shares of CNX Resources from an “overweight” rating to a “neutral” rating and upped their price target for the company from $19.00 to $27.00 in a report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.00.

CNX stock opened at $18.82 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.20 and a debt-to-equity ratio of 0.74. CNX Resources Co. has a one year low of $10.41 and a one year high of $23.33. The firm has a 50-day moving average of $20.20 and a two-hundred day moving average of $16.76.

CNX Resources (NYSE:CNXGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The oil and gas producer reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The firm had revenue of ($913.10) million for the quarter, compared to analysts’ expectations of $519.43 million. CNX Resources’s quarterly revenue was down 293.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, equities research analysts predict that CNX Resources Co. will post 2.77 earnings per share for the current fiscal year.

CNX Resources Profile (Get Rating)

CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane. It produces and sells pipeline quality natural gas primarily for gas wholesalers.

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Institutional Ownership by Quarter for CNX Resources (NYSE:CNX)

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