Aquatic Capital Management LLC Increases Stake in CNX Resources Co. (NYSE:CNX)

Aquatic Capital Management LLC grew its position in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,971 shares of the oil and gas producer's stock after buying an additional 30,771 shares during the quarter. Aquatic Capital Management LLC owned 0.15% of CNX Resources worth $8,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in CNX Resources by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer's stock worth $73,357,000 after purchasing an additional 139,647 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of CNX Resources by 31.8% in the 4th quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer's stock worth $53,172,000 after buying an additional 350,000 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in CNX Resources during the fourth quarter valued at about $37,923,000. Assetmark Inc. increased its holdings in CNX Resources by 2.2% during the fourth quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer's stock worth $32,469,000 after buying an additional 19,309 shares during the last quarter. Finally, First Trust Advisors LP raised its position in CNX Resources by 12.0% in the fourth quarter. First Trust Advisors LP now owns 645,591 shares of the oil and gas producer's stock worth $23,674,000 after acquiring an additional 69,280 shares during the period. 95.16% of the stock is owned by institutional investors.

CNX Resources Price Performance

CNX stock traded up $0.71 during midday trading on Friday, reaching $30.29. The company had a trading volume of 887,750 shares, compared to its average volume of 2,674,081. CNX Resources Co. has a 1 year low of $23.03 and a 1 year high of $41.93. 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 capitalization of $4.38 billion, a P/E ratio of -44.57, a P/E/G ratio of 0.42 and a beta of 1.33. The firm has a 50-day moving average price of $30.24 and a 200-day moving average price of $32.94.

CNX Resources (NYSE:CNX - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. CNX Resources had a positive return on equity of 6.72% and a negative net margin of 7.14%. On average, research analysts anticipate that CNX Resources Co. will post 2.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CNX. TD Cowen assumed coverage on shares of CNX Resources in a report on Wednesday, January 15th. They issued a "hold" rating and a $27.00 price target on the stock. Mizuho increased their price target on CNX Resources from $34.00 to $35.00 and gave the stock an "underperform" rating in a research note on Monday, April 7th. Cowen restated a "hold" rating on shares of CNX Resources in a research note on Friday, April 25th. JPMorgan Chase & Co. lifted their target price on shares of CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday, March 13th. Finally, Morgan Stanley restated an "underweight" rating and set a $31.00 price target on shares of CNX Resources in a research note on Tuesday, April 15th. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, CNX Resources has an average rating of "Hold" and an average target price of $31.17.

CNX Resources Company 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.