CNX Resources Co. (NYSE:CNX) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in CNX Resources Co. (NYSE:CNX - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,316 shares of the oil and gas producer's stock after selling 17,800 shares during the quarter. Renaissance Technologies LLC's holdings in CNX Resources were worth $745,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in CNX Resources by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer's stock valued at $73,357,000 after acquiring an additional 139,647 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of CNX Resources during the 4th quarter valued at $37,923,000. Assetmark Inc. boosted its position in shares of CNX Resources by 2.2% in the 4th quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer's stock worth $32,469,000 after purchasing an additional 19,309 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in CNX Resources by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 622,503 shares of the oil and gas producer's stock valued at $22,827,000 after buying an additional 5,769 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in CNX Resources by 1.3% in the fourth quarter. Rhumbline Advisers now owns 494,625 shares of the oil and gas producer's stock valued at $18,138,000 after buying an additional 6,404 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNX has been the topic of several recent analyst reports. Morgan Stanley restated an "underweight" rating and set a $31.00 price objective on shares of CNX Resources in a report on Tuesday, April 15th. Stephens upgraded shares of CNX Resources from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $35.00 to $48.00 in a research note on Tuesday, March 18th. Cowen reissued a "hold" rating on shares of CNX Resources in a research report on Friday, April 25th. JPMorgan Chase & Co. lifted their price target on CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, March 13th. Finally, TD Cowen initiated coverage on CNX Resources in a report on Wednesday, January 15th. They issued a "hold" rating and a $27.00 price objective on the stock. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, CNX Resources has an average rating of "Hold" and a consensus price target of $31.17.

CNX Resources Price Performance

Shares of CNX stock traded up $0.70 during trading hours on Friday, hitting $30.28. 2,123,393 shares of the company's stock were exchanged, compared to its average volume of 2,682,259. The firm has a market cap of $4.38 billion, a P/E ratio of -44.53, a P/E/G ratio of 0.42 and a beta of 1.33. CNX Resources Co. has a fifty-two week low of $23.10 and a fifty-two week high of $41.93. The firm has a 50 day moving average of $30.24 and a two-hundred day moving average of $32.88. 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 issued its earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that CNX Resources Co. will post 2.18 EPS for the current 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.