FORA Capital LLC Buys Shares of 54,007 CNX Resources Co. (NYSE:CNX)

FORA Capital LLC purchased a new position in shares of CNX Resources Co. (NYSE:CNX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 54,007 shares of the oil and gas producer's stock, valued at approximately $1,980,000.

Other large investors have also modified their holdings of the company. Congress Asset Management Co. lifted its holdings in shares of CNX Resources by 7.2% during the 4th quarter. Congress Asset Management Co. now owns 266,447 shares of the oil and gas producer's stock worth $9,771,000 after acquiring an additional 17,951 shares during the period. Convergence Investment Partners LLC purchased a new position in shares of CNX Resources during the 4th quarter worth about $1,556,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of CNX Resources by 7.5% during the 4th 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 acquiring an additional 139,647 shares during the period. Wakefield Asset Management LLLP purchased a new position in shares of CNX Resources during the 4th quarter worth about $1,047,000. Finally, Assetmark Inc. lifted its holdings in shares of CNX Resources by 2.2% during the 4th quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer's stock worth $32,469,000 after acquiring an additional 19,309 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

CNX Resources Stock Up 1.2%

Shares of CNX traded up $0.37 during mid-day trading on Friday, reaching $31.32. 1,359,826 shares of the stock traded hands, compared to its average volume of 2,679,032. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of -46.06, a P/E/G ratio of 0.42 and a beta of 0.62. The stock has a fifty day simple moving average of $30.44 and a 200 day simple moving average of $32.71. CNX Resources Co. has a 12-month low of $23.18 and a 12-month high of $41.93. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 0.45.

Analyst Ratings Changes

Several research analysts recently commented on CNX shares. Cowen restated a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Raymond James upgraded shares of CNX Resources from an "underperform" rating to a "market perform" rating in a report on Tuesday, February 18th. TD Cowen started 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 raised their price target on shares of CNX Resources from $34.00 to $35.00 and gave the company an "underperform" rating in a report on Monday, April 7th. Finally, Bank of America cut their price target on shares of CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. Eight equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus 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.