Guggenheim Capital LLC Sells 70,784 Shares of CNX Resources Co. (NYSE:CNX)

Guggenheim Capital LLC decreased its holdings in CNX Resources Co. (NYSE:CNX - Free Report) by 78.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,908 shares of the oil and gas producer's stock after selling 70,784 shares during the quarter. Guggenheim Capital LLC's holdings in CNX Resources were worth $730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. raised its stake in CNX Resources by 131.5% in the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 526 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of CNX Resources in the 4th quarter valued at approximately $39,000. VSM Wealth Advisory LLC acquired a new position in shares of CNX Resources in the 4th quarter valued at approximately $55,000. Principal Securities Inc. increased its position in CNX Resources by 38.5% during the 4th quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock worth $91,000 after purchasing an additional 691 shares in the last quarter. Finally, Blue Trust Inc. increased its position 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 purchasing an additional 1,280 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

CNX Resources Trading Down 0.5 %

Shares of CNX stock traded down $0.14 during mid-day trading on Wednesday, hitting $29.40. The company's stock had a trading volume of 5,220,543 shares, compared to its average volume of 2,681,436. The company's fifty day simple moving average is $30.25 and its 200-day simple moving average is $32.97. CNX Resources Co. has a 52 week low of $22.82 and a 52 week high of $41.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.32 and a current ratio of 0.33. The company has a market cap of $4.33 billion, a PE ratio of -43.23, a P/E/G ratio of 0.42 and a beta of 1.33.

CNX Resources (NYSE:CNX - Get Free Report) last issued its earnings results 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%. As a group, equities research analysts expect that CNX Resources Co. will post 2.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

CNX has been the subject of a number of research analyst reports. Piper Sandler lowered their price objective on shares of CNX Resources from $22.00 to $21.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, March 13th. Morgan Stanley restated an "underweight" rating and issued a $31.00 price target on shares of CNX Resources in a research report on Tuesday, April 15th. Raymond James upgraded shares of CNX Resources from an "underperform" rating to a "market perform" rating in a report on Tuesday, February 18th. Finally, Mizuho increased their price objective on CNX Resources from $34.00 to $35.00 and gave the company an "underperform" rating in a report on Monday, April 7th. Eight equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, CNX Resources has an average rating of "Hold" and a consensus 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.