Intech Investment Management LLC increased its holdings in CNX Resources Co. (NYSE:CNX – Free Report) by 200.3% during the 4th quarter, Holdings Channel reports. The firm owned 194,307 shares of the oil and gas producer’s stock after buying an additional 129,605 shares during the period. Intech Investment Management LLC’s holdings in CNX Resources were worth $7,125,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Counterpoint Mutual Funds LLC grew its position in shares of CNX Resources by 149.6% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 19,637 shares of the oil and gas producer’s stock worth $720,000 after buying an additional 11,770 shares during the last quarter. Corient Private Wealth LLC lifted its stake in CNX Resources by 16.8% in the fourth quarter. Corient Private Wealth LLC now owns 51,946 shares of the oil and gas producer’s stock worth $1,903,000 after acquiring an additional 7,464 shares during the period. Midwest Professional Planners LTD. boosted its holdings in CNX Resources by 8.0% in the fourth quarter. Midwest Professional Planners LTD. now owns 26,361 shares of the oil and gas producer’s stock valued at $967,000 after acquiring an additional 1,962 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in CNX Resources by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 622,503 shares of the oil and gas producer’s stock valued at $22,827,000 after purchasing an additional 5,769 shares during the period. Finally, HighTower Advisors LLC raised its holdings in CNX Resources by 6.9% in the 4th quarter. HighTower Advisors LLC now owns 29,168 shares of the oil and gas producer’s stock worth $1,070,000 after purchasing an additional 1,879 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.
Insider Activity at CNX Resources
In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.09, for a total value of $33,421,750.00. Following the completion of the transaction, the insider now owns 13,925,000 shares of the company’s stock, valued at approximately $432,928,250. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on CNX
CNX Resources Price Performance
CNX opened at $31.79 on Wednesday. CNX Resources Co. has a 1 year low of $21.07 and a 1 year high of $41.93. The stock has a 50-day moving average price of $29.64 and a 200-day moving average price of $33.04. The firm has a market cap of $4.73 billion, a PE ratio of -46.74, a P/E/G ratio of 0.42 and a beta of 1.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32.
CNX Resources (NYSE:CNX – Get Free Report) last issued its earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that CNX Resources Co. will post 2.18 earnings per share for the current fiscal year.
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.
Recommended Stories
- Five stocks we like better than CNX Resources
- How to trade penny stocks: A step-by-step guide
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- 3 Must-Own Stocks to Build Wealth This Decade
- Investing In Preferred Stock vs. Common Stock
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Want to see what other hedge funds are holding CNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNX Resources Co. (NYSE:CNX – Free Report).
Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.com's FREE daily email newsletter.