Natixis Sells 16,402 Shares of CNX Resources Co. (NYSE:CNX)

Natixis cut its position in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 83.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,318 shares of the oil and gas producer's stock after selling 16,402 shares during the quarter. Natixis' holdings in CNX Resources were worth $122,000 at the end of the most recent reporting period.

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

CNX Resources Trading Down 0.2 %

Shares of CNX Resources stock traded down $0.05 during trading on Thursday, reaching $29.38. The company's stock had a trading volume of 470,547 shares, compared to its average volume of 2,672,896. The company has a market cap of $4.33 billion, a price-to-earnings ratio of -43.28, a PEG ratio of 0.42 and a beta of 1.33. The firm's 50-day moving average is $30.25 and its two-hundred day 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 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 data on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (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%. On average, sell-side analysts anticipate that CNX Resources Co. will post 2.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CNX. Bank of America decreased their price target on CNX Resources from $32.00 to $27.00 and set an "underperform" rating for the company in a report on Tuesday, April 1st. Mizuho lifted their price objective on shares of CNX Resources from $34.00 to $35.00 and gave the stock an "underperform" rating in a research report on Monday, April 7th. TD Cowen initiated coverage on shares of CNX Resources in a research note on Wednesday, January 15th. They set a "hold" rating and a $27.00 price target for the company. Roth Capital set a $30.00 target price on CNX Resources in a research report on Thursday, January 23rd. Finally, Piper Sandler decreased their price objective on CNX Resources from $22.00 to $21.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Eight research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, CNX Resources has an average rating of "Hold" and a consensus target price of $31.17.

About CNX Resources

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.