Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.14 Million Investment in CNX Resources Corporation. (NYSE:CNX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a stake of 99,763 shares in CNX Resources Corporation valued at approximately $3.14 million, owning 0.07% of the company as of the latest quarter.
• CNX Resources' stock has shown a 52-week range between $23.85 and $41.93, currently trading around $30.33 with a market capitalization of $4.39 billion.
• Institutional investors hold 95.16% of CNX Resources stock, with several firms recently increasing their stakes amidst a generally "hold" rating consensus among analysts.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in CNX Resources Corporation. (NYSE:CNX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 99,763 shares of the oil and gas producer's stock, valued at approximately $3,141,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of CNX Resources at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CNX. Woodline Partners LP acquired a new position in CNX Resources during the 4th quarter worth approximately $71,971,000. Arrowstreet Capital Limited Partnership purchased a new stake in CNX Resources during the 4th quarter worth approximately $37,923,000. Millennium Management LLC increased its holdings in CNX Resources by 69.1% during the 4th quarter. Millennium Management LLC now owns 1,154,588 shares of the oil and gas producer's stock worth $42,339,000 after purchasing an additional 471,763 shares during the last quarter. Northern Trust Corp increased its holdings in CNX Resources by 20.5% during the 4th quarter. Northern Trust Corp now owns 2,421,387 shares of the oil and gas producer's stock worth $88,792,000 after purchasing an additional 411,485 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in CNX Resources during the 4th quarter worth approximately $14,268,000. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Stock Performance

NYSE:CNX traded down $1.39 during midday trading on Friday, reaching $28.92. 3,141,801 shares of the company traded hands, compared to its average volume of 2,379,965. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30. CNX Resources Corporation. has a twelve month low of $23.85 and a twelve month high of $41.93. The company has a fifty day moving average price of $32.61 and a 200 day moving average price of $31.04. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 49.02, a price-to-earnings-growth ratio of 0.30 and a beta of 0.64.

Insider Transactions at CNX Resources

In other CNX Resources news, Director J. Palmer Clarkson purchased 10,000 shares of CNX Resources stock in a transaction on Monday, May 12th. The stock was bought at an average price of $31.20 per share, for a total transaction of $312,000.00. Following the transaction, the director owned 245,433 shares of the company's stock, valued at $7,657,509.60. The trade was a 4.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Mizuho lifted their price objective on CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a report on Tuesday, May 13th. Scotiabank restated a "sector perform" rating and set a $35.00 price objective (up from $33.00) on shares of CNX Resources in a report on Friday, July 11th. TD Cowen upgraded CNX Resources to a "hold" rating in a report on Monday, July 7th. Morgan Stanley restated an "underweight" rating and set a $31.00 price objective on shares of CNX Resources in a report on Tuesday, April 15th. Finally, Barclays initiated coverage on CNX Resources in a report on Monday, July 7th. They issued an "equal weight" rating and a $33.00 price target for the company. Eight research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, CNX Resources presently has an average rating of "Hold" and an average price target of $31.92.

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.