Price T Rowe Associates Inc. MD Has $40.96 Million Holdings in CNX Resources Co. (NYSE:CNX)

Price T Rowe Associates Inc. MD trimmed its position in shares of CNX Resources Co. (NYSE:CNX) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,116,891 shares of the oil and gas producer’s stock after selling 8,230 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.75% of CNX Resources worth $40,957,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in CNX Resources by 131.5% during the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 526 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of CNX Resources during the fourth quarter worth about $39,000. VSM Wealth Advisory LLC acquired a new stake in shares of CNX Resources in the 4th quarter worth about $55,000. Principal Securities Inc. lifted its position in CNX Resources by 38.5% in the 4th quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer’s stock valued at $91,000 after acquiring an additional 691 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in CNX Resources by 65.1% during the 4th quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer’s stock valued at $119,000 after purchasing an additional 1,280 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CNX. StockNews.com lowered CNX Resources from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on shares of CNX Resources from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, March 13th. Mizuho raised their price target on shares of CNX Resources from $34.00 to $35.00 and gave the company an “underperform” rating in a research report on Monday, April 7th. Cowen reaffirmed a “hold” rating on shares of CNX Resources in a research report on Friday. Finally, Stephens raised shares of CNX Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $48.00 in a research report on Tuesday, March 18th. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.17.

CNX Resources Stock Up 0.6 %

Shares of NYSE CNX opened at $29.53 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32. The stock has a market capitalization of $4.35 billion, a PE ratio of -43.42, a P/E/G ratio of 0.42 and a beta of 1.33. CNX Resources Co. has a one year low of $22.82 and a one year high of $41.93. The business’s fifty day moving average price is $30.25 and its 200-day moving average price is $33.00.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. CNX Resources had a negative net margin of 7.14% and a positive return on equity of 6.72%. On average, equities research analysts anticipate that CNX Resources Co. will post 2.18 EPS for the current year.

CNX Resources 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.