Captrust Financial Advisors Invests $2.32 Million in CNX Resources Co. (NYSE:CNX)

Captrust Financial Advisors purchased a new position in shares of CNX Resources Co. (NYSE:CNX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 63,350 shares of the oil and gas producer's stock, valued at approximately $2,323,000.

Several other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in CNX Resources by 131.5% in the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 526 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of CNX Resources in the 4th quarter valued at approximately $39,000. VSM Wealth Advisory LLC purchased a new stake in shares of CNX Resources in the fourth quarter valued at approximately $55,000. Principal Securities Inc. boosted its stake in shares of CNX Resources by 38.5% in the fourth quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock valued at $91,000 after buying an additional 691 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in CNX Resources by 65.1% during the fourth quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer's stock worth $119,000 after acquiring an additional 1,280 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

CNX Resources Stock Performance

Shares of NYSE CNX opened at $31.32 on Monday. The company has a 50-day simple moving average of $30.44 and a 200-day simple moving average of $32.71. 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 company has a market cap of $4.53 billion, a PE ratio of -46.06, a price-to-earnings-growth ratio of 0.42 and a beta of 0.62. CNX Resources Co. has a 12 month low of $23.18 and a 12 month high of $41.93.

Wall Street Analyst Weigh In

A number of research firms have commented on CNX. Morgan Stanley reissued an "underweight" rating and issued a $31.00 target price on shares of CNX Resources in a report on Tuesday, April 15th. Stephens upgraded shares of CNX Resources from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $35.00 to $48.00 in a research note on Tuesday, March 18th. Scotiabank raised shares of CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price objective on the stock in a report on Friday, April 11th. StockNews.com cut shares of CNX Resources from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Finally, Mizuho lifted 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. Eight investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, CNX Resources presently has a consensus rating of "Hold" and an average price target of $31.17.

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.

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