Stevens Capital Management LP Buys Shares of 5,603 CNX Resources Co. (NYSE:CNX)

Stevens Capital Management LP purchased a new stake in shares of CNX Resources Co. (NYSE:CNX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,603 shares of the oil and gas producer’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CNX. Natixis Advisors LLC increased its holdings in CNX Resources by 3.1% in the 3rd quarter. Natixis Advisors LLC now owns 41,644 shares of the oil and gas producer’s stock valued at $1,356,000 after purchasing an additional 1,241 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of CNX Resources by 12.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,860,817 shares of the oil and gas producer’s stock worth $60,607,000 after buying an additional 202,890 shares during the period. BNP Paribas Financial Markets grew its stake in shares of CNX Resources by 231.9% in the third quarter. BNP Paribas Financial Markets now owns 104,361 shares of the oil and gas producer’s stock valued at $3,399,000 after buying an additional 72,914 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of CNX Resources in the 3rd quarter valued at $1,321,000. Finally, Edgestream Partners L.P. lifted its stake in CNX Resources by 112.9% during the 3rd quarter. Edgestream Partners L.P. now owns 78,819 shares of the oil and gas producer’s stock worth $2,567,000 after acquiring an additional 41,793 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stephens raised CNX Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $35.00 to $48.00 in a research report on Tuesday, March 18th. JPMorgan Chase & Co. raised their price objective on shares of CNX Resources from $32.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, March 13th. Roth Capital set a $30.00 target price on shares of CNX Resources in a research note on Thursday, January 23rd. Morgan Stanley began coverage on shares of CNX Resources in a research report on Friday, January 10th. They issued an “underweight” rating and a $29.00 price target for the company. Finally, Mizuho dropped their price target on shares of CNX Resources from $38.00 to $34.00 and set an “underperform” rating for the company in a research note on Tuesday, January 14th. Nine investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.38.

Insider Buying and Selling

In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 13,925,000 shares in the company, valued at approximately $432,928,250. The trade was a 7.17 % decrease in their ownership of the stock. 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 company insiders.

CNX Resources Trading Up 0.4 %

Shares of CNX Resources stock opened at $31.86 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $29.75 and a 200-day simple moving average of $33.17. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of -46.84, a PEG ratio of 0.42 and a beta of 1.26. CNX Resources Co. has a 12-month low of $22.80 and a 12-month high of $41.93.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (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 analysts forecast that CNX Resources Co. will post 2.18 EPS 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.