Inceptionr LLC Has $895,000 Holdings in CNX Resources Corporation. $CNX

Inceptionr LLC decreased its position in shares of CNX Resources Corporation. (NYSE:CNX) by 20.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,560 shares of the oil and gas producer’s stock after selling 6,994 shares during the period. Inceptionr LLC’s holdings in CNX Resources were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in shares of CNX Resources in the second quarter worth about $32,000. MTM Investment Management LLC bought a new stake in CNX Resources during the 2nd quarter valued at approximately $67,000. Public Employees Retirement System of Ohio acquired a new stake in CNX Resources in the 2nd quarter valued at approximately $115,000. CWM LLC increased its position in CNX Resources by 26.0% in the 2nd quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock worth $115,000 after buying an additional 703 shares during the period. Finally, GAMMA Investing LLC increased its position in CNX Resources by 11.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock worth $127,000 after buying an additional 389 shares during the period. 95.16% of the stock is currently owned by institutional investors.

CNX Resources Price Performance

NYSE:CNX opened at $38.31 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. The company has a 50-day moving average of $33.71 and a 200-day moving average of $32.15. CNX Resources Corporation. has a 52 week low of $27.00 and a 52 week high of $41.12. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 64.93, a PEG ratio of 0.35 and a beta of 0.56.

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, 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 business had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $408.80 million. The company’s revenue was up 37.6% on a year-over-year basis. As a group, equities research analysts anticipate that CNX Resources Corporation. will post 2.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CNX shares. Morgan Stanley reduced their price objective on CNX Resources from $32.00 to $31.00 and set an “underweight” rating for the company in a research report on Tuesday, October 14th. Siebert Williams Shank initiated coverage on shares of CNX Resources in a research note on Monday, September 15th. They set a “hold” rating and a $32.00 target price for the company. Piper Sandler decreased their price target on shares of CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Thursday, August 14th. Zacks Research upgraded shares of CNX Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Scotiabank upped their price objective on shares of CNX Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 21st. One equities research 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. According to data from MarketBeat, CNX Resources has a consensus rating of “Reduce” and a consensus price target of $33.00.

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.