CNX Resources Co. (NYSE:CNX) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lessened its holdings in CNX Resources Co. (NYSE:CNX - Free Report) by 57.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,700 shares of the oil and gas producer's stock after selling 127,700 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of CNX Resources worth $3,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CNX. World Investment Advisors LLC acquired a new position in shares of CNX Resources in the 3rd quarter valued at $534,000. CWA Asset Management Group LLC acquired a new position in CNX Resources during the 4th quarter worth about $241,000. Empirical Asset Management LLC acquired a new position in CNX Resources during the 4th quarter worth about $9,281,000. Blue Trust Inc. lifted its stake in CNX Resources by 65.1% during the 4th 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 in the last quarter. Finally, KBC Group NV lifted its stake in CNX Resources by 41.0% during the 4th quarter. KBC Group NV now owns 6,216 shares of the oil and gas producer's stock worth $228,000 after acquiring an additional 1,806 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

CNX has been the topic of several research reports. Roth Capital set a $30.00 target price on CNX Resources in a research note on Thursday, January 23rd. TD Cowen initiated coverage on CNX Resources in a research note on Wednesday, January 15th. They set a "hold" rating and a $27.00 target price on the stock. Bank of America decreased their target price on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Mizuho increased their target price on CNX Resources from $34.00 to $35.00 and gave the stock an "underperform" rating in a research note on Monday, April 7th. Finally, StockNews.com downgraded CNX Resources from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, CNX Resources has an average rating of "Hold" and a consensus price target of $31.17.

CNX Resources Stock Up 1.5 %

Shares of CNX traded up $0.43 during mid-day trading on Monday, reaching $29.33. The company's stock had a trading volume of 2,726,340 shares, compared to its average volume of 2,675,490. CNX Resources Co. has a 12-month low of $22.82 and a 12-month high of $41.93. The stock has a market cap of $4.32 billion, a PE ratio of -43.13, a price-to-earnings-growth ratio of 0.42 and a beta of 1.33. 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's 50 day moving average is $30.25 and its 200 day moving average is $33.02.

CNX Resources (NYSE:CNX - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, beating analysts' consensus estimates 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%. Equities analysts anticipate that CNX Resources Co. will post 2.18 EPS for the current fiscal year.

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.