Cwm LLC Purchases 935 Shares of CNX Resources Co. (NYSE:CNX)

Cwm LLC increased its position in shares of CNX Resources Co. (NYSE:CNX) by 77.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,149 shares of the oil and gas producer’s stock after buying an additional 935 shares during the period. Cwm LLC’s holdings in CNX Resources were worth $70,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of CNX Resources by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock worth $46,000 after buying an additional 666 shares during the period. Hexagon Capital Partners LLC boosted its holdings in CNX Resources by 113.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,138 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 1,136 shares during the period. Natixis bought a new stake in CNX Resources in the 1st quarter valued at $79,000. Innealta Capital LLC bought a new stake in CNX Resources in the 2nd quarter valued at $131,000. Finally, Atomi Financial Group Inc. bought a new stake in CNX Resources in the 3rd quarter valued at $202,000. 95.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Bernard Lanigan, Jr. acquired 75,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were purchased at an average price of $26.81 per share, with a total value of $2,010,750.00. Following the acquisition, the director now directly owns 401,820 shares in the company, valued at $10,772,794.20. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.10% of the company’s stock.

CNX Resources Trading Down 1.7 %

Shares of CNX Resources stock opened at $36.57 on Monday. The stock has a market capitalization of $5.60 billion, a P/E ratio of 6.63 and a beta of 1.38. The company has a quick ratio of 0.40, a current ratio of 0.41 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $30.89 and a 200 day simple moving average of $26.99. CNX Resources Co. has a 12-month low of $19.07 and a 12-month high of $37.57.

CNX Resources (NYSE:CNX) last announced its earnings results on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.09. The business had revenue of $424.21 million during the quarter, compared to analysts’ expectations of $398.33 million. CNX Resources had a net margin of 26.64% and a return on equity of 7.51%. During the same quarter last year, the company posted $0.35 EPS. Research analysts expect that CNX Resources Co. will post 1.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Scotiabank increased their price target on shares of CNX Resources from $25.00 to $27.00 and gave the company a “sector underperform” rating in a report on Tuesday, August 20th. StockNews.com downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Mizuho increased their price objective on shares of CNX Resources from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Capital One Financial cut shares of CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective for the company. in a research note on Monday, October 14th. Finally, BMO Capital Markets increased their price objective on shares of CNX Resources from $26.00 to $29.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, CNX Resources has a consensus rating of “Hold” and a consensus price target of $27.90.

About CNX Resources

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.