126,846 Shares in CNX Resources Co. (NYSE:CNX) Bought by EAM Investors LLC

EAM Investors LLC acquired a new stake in CNX Resources Co. (NYSE:CNX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 126,846 shares of the oil and gas producer's stock, valued at approximately $4,651,000. EAM Investors LLC owned 0.08% of CNX Resources at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. M&T Bank Corp grew its position in CNX Resources by 25.4% in the third quarter. M&T Bank Corp now owns 18,057 shares of the oil and gas producer's stock worth $588,000 after acquiring an additional 3,663 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CNX Resources by 0.3% during the third quarter. Geode Capital Management LLC now owns 3,602,837 shares of the oil and gas producer's stock worth $117,366,000 after acquiring an additional 12,333 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of CNX Resources in the 3rd quarter worth approximately $534,000. CWA Asset Management Group LLC bought a new position in shares of CNX Resources during the 4th quarter valued at $241,000. Finally, Empirical Asset Management LLC purchased a new position in CNX Resources in the 4th quarter worth $9,281,000. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CNX shares. Bank of America lowered their price target on shares of CNX Resources from $32.00 to $27.00 and set an "underperform" rating for the company in a report on Tuesday, April 1st. Raymond James upgraded CNX Resources from an "underperform" rating to a "market perform" rating in a report on Tuesday, February 18th. Scotiabank upgraded CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price objective on the stock in a research report on Friday, April 11th. Roth Capital set a $30.00 target price on CNX Resources in a research note on Thursday, January 23rd. Finally, Stephens upgraded shares of CNX Resources from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $35.00 to $48.00 in a report on Tuesday, March 18th. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $31.25.

CNX Resources Stock Down 1.9 %

Shares of CNX traded down $0.58 during trading hours on Monday, hitting $30.24. The company had a trading volume of 435,832 shares, compared to its average volume of 2,666,632. CNX Resources Co. has a 52-week low of $22.82 and a 52-week high of $41.93. The firm has a fifty day moving average price of $30.32 and a 200-day moving average price of $33.23. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of -44.47, a P/E/G ratio of 0.42 and a beta of 1.33. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.32 and a current ratio of 0.33.

CNX Resources (NYSE:CNX - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share 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 research analysts forecast 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.