CNX Resources Co. (NYSE:CNX) Shares Sold by LSV Asset Management

LSV Asset Management decreased its stake in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 15.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,338,768 shares of the oil and gas producer's stock after selling 238,753 shares during the period. LSV Asset Management owned 0.90% of CNX Resources worth $49,093,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Bessemer Group Inc. increased its position 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 acquiring an additional 526 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of CNX Resources during the fourth quarter worth approximately $39,000. VSM Wealth Advisory LLC acquired a new stake in shares of CNX Resources in the fourth quarter valued at approximately $55,000. Principal Securities Inc. boosted its stake in shares of CNX Resources by 38.5% in the fourth quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock valued at $91,000 after buying an additional 691 shares during the period. Finally, Blue Trust Inc. grew its position 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. Institutional investors own 95.16% of the company's stock.

CNX Resources Stock Up 0.8 %

NYSE CNX traded up $0.26 during trading hours on Thursday, hitting $31.14. 893,848 shares of the company were exchanged, compared to its average volume of 2,662,082. The company has a 50 day moving average of $30.30 and a two-hundred day moving average of $33.26. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of -45.86, a PEG ratio of 0.42 and a beta of 1.33. CNX Resources Co. has a 52-week low of $22.82 and a 52-week 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.

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 EPS for the quarter, topping 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%. Equities research analysts anticipate that CNX Resources Co. will post 2.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CNX has been the subject of several recent analyst reports. Roth Capital set a $30.00 price objective on CNX Resources in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of CNX Resources from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, March 13th. TD Cowen initiated coverage on CNX Resources in a report on Wednesday, January 15th. They issued a "hold" rating and a $27.00 target price on the stock. Raymond James raised CNX Resources from an "underperform" rating to a "market perform" rating in a research report on Tuesday, February 18th. Finally, Bank of America dropped their price objective 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $31.25.

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.