108,820 shares in CNX Resources Co. (NYSE:CNX) acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of CNX Resources Co. in the fourth quarter. (NYSE:CNX – Free Report), the company said in its latest notice to the Securities and Exchange Commission. The institutional investor bought 108,820 shares of the oil and gas producer, worth approximately $2,176,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Teza Capital Management LLC grew its holdings in CNX Resources by 0.5% during the third quarter. Teza Capital Management LLC now owns 111,206 shares of the oil and gas producer’s stock worth $2,511,000 after acquiring an additional 522 shares during the period. Franklin Resources Inc. increased its stake in CNX Resources by 4.1% during the second quarter. Franklin Resources Inc. now owns 13,618 shares of the oil and gas producer’s stock worth $241,000, after acquiring an additional 540 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in CNX Resources by 30.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,540 shares of the oil and gas producer worth $57,000, after acquiring an additional 590 shares during the period. HighTower Advisors LLC grew its holdings in CNX Resources by 4.8% in the first quarter. HighTower Advisors LLC now owns 14,676 shares of the oil and gas producer’s stock worth $234,000 after purchasing an additional 666 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in CNX Resources by 1.0% in the second quarter. Royal Bank of Canada now owns 80,851 shares of the oil and gas producer worth $1,433,000 after purchasing an additional 817 shares in the last quarter. Institutional investors own 95.16% of the company’s shares.

Wall Street analysts weigh in

A number of stock analysts have commented on the stock. Truist Financial raised their target price on shares of CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, April 5. Roth Mkm raised their price target on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2. Scotiabank raised their target price on shares of CNX Resources from $20.00 to $25.00 and gave the stock a “sector underperform” rating in a research note on Thursday, April 11. Mizuho raised their price target on shares of CNX Resources from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11. Finally, Bank of America upgraded shares of CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 price target for the company in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.43.

Check out our latest report on CNX

Insider activity at CNX Resources

In other CNX Resources news, EVP Timothy Scott Bedard sold 1,226 shares of the company’s stock in a transaction on Monday, February 26. The shares sold at an average price of $20.83, for a total value of $25,537.58. Following the sale, the executive vice president now owns 67,982 shares of the company’s stock, valued at approximately $1,416,065.06. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.10% of the shares are owned by insiders.

CNX Resources Price Performance

CNX stock opened at $24.02 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.49 and a current ratio of 0.51. CNX Resources Co. has a 52-week low of $14.36 and a 52-week high of $24.82. The company’s fifty-day moving average is $22.16 and its 200-day moving average is $21.35. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 2.64 and a beta of 1.33.

CNX Resources (NYSE:CNX – Get Free Report) last reported its earnings results on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share for the quarter, beating the consensus estimate of $0.30 by $2.59. CNX Resources had a net margin of 50.34% and a return on equity of 9.00%. The company had revenue of $999.50 million for the quarter, compared to analyst estimates of $401.62 million. In the same quarter last year, the company earned $1.64 in earnings per share. The company’s quarterly revenue fell 38.9% compared to the same quarter last year. Research analysts predict that CNX Resources Co. will post earnings per share of 1.31 for the current year.

CNX Resources Company Profile

(Free report)

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 to gas wholesalers.

Also see

Would you like to see which other hedge funds own CNX? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for CNX Resources Co. (NYSE:CNX – Free Report).

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