Jump Financial LLC Sells 39,949 Shares of CNX Resources Co. (NYSE:CNX)

Jump Financial LLC cut its stake in CNX Resources Co. (NYSE:CNX - Free Report) by 69.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,309 shares of the oil and gas producer's stock after selling 39,949 shares during the period. Jump Financial LLC's holdings in CNX Resources were worth $635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CNX. Bessemer Group Inc. boosted its holdings in CNX Resources by 131.5% during the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock worth $34,000 after buying an additional 526 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in CNX Resources during the fourth quarter worth approximately $39,000. VSM Wealth Advisory LLC bought a new stake in CNX Resources during the fourth quarter worth approximately $55,000. Principal Securities Inc. boosted its holdings in CNX Resources by 38.5% during the fourth quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock worth $91,000 after buying an additional 691 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in CNX Resources by 65.1% during the fourth quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer's stock worth $119,000 after buying an additional 1,280 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CNX. JPMorgan Chase & Co. raised their target price on shares of CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, March 13th. Raymond James raised shares of CNX Resources from an "underperform" rating to a "market perform" rating in a research note on Tuesday, February 18th. TD Cowen initiated coverage on shares of CNX Resources in a research note on Wednesday, January 15th. They issued a "hold" rating and a $27.00 price objective for the company. StockNews.com lowered shares of CNX Resources from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Finally, Scotiabank raised shares of CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price objective for the company in a research note on Friday, April 11th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, CNX Resources presently has a consensus rating of "Hold" and an average price target of $31.17.

CNX Resources Stock Up 1.5 %

Shares of NYSE:CNX traded up $0.43 during trading on Monday, reaching $29.33. 2,726,340 shares of the company traded hands, compared to its average volume of 2,675,490. The firm has a market cap of $4.32 billion, a P/E ratio of -43.13, a price-to-earnings-growth ratio of 0.42 and a beta of 1.33. The firm has a fifty day simple moving average of $30.25 and a 200 day simple moving average of $33.02. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 0.45. CNX Resources Co. has a 1-year low of $22.82 and a 1-year high of $41.93.

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

CNX Resources 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.