Three Seasons Wealth LLC Invests $820,000 in CNX Resources Co. (NYSE:CNX)

Three Seasons Wealth LLC bought a new stake in CNX Resources Co. (NYSE:CNX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,365 shares of the oil and gas producer's stock, valued at approximately $820,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CNX. World Investment Advisors LLC acquired a new position in CNX Resources during the third quarter worth approximately $534,000. CWA Asset Management Group LLC acquired a new position in CNX Resources during the fourth quarter worth approximately $241,000. Empirical Asset Management LLC acquired a new position in CNX Resources during the fourth quarter worth approximately $9,281,000. Blue Trust Inc. increased 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 during the last quarter. Finally, KBC Group NV increased its position in CNX Resources by 41.0% during the fourth quarter. KBC Group NV now owns 6,216 shares of the oil and gas producer's stock worth $228,000 after buying an additional 1,806 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CNX shares. Bank of America lowered their price target on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 1st. Roth Capital set a $30.00 price objective on CNX Resources in a report on Thursday, January 23rd. Raymond James upgraded CNX Resources from an "underperform" rating to a "market perform" rating in a report on Tuesday, February 18th. 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. Finally, Cowen restated a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Eight investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, CNX Resources presently has a consensus rating of "Hold" and a consensus target price of $31.17.

CNX Resources Price Performance

CNX traded down $0.16 during trading on Wednesday, hitting $29.38. 696,029 shares of the stock traded hands, compared to its average volume of 2,665,194. CNX Resources Co. has a twelve month low of $22.82 and a twelve month high of $41.93. The company has a market cap of $4.33 billion, a price-to-earnings ratio of -43.21, a PEG ratio of 0.42 and a beta of 1.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32. The business has a 50 day moving average price of $30.25 and a 200 day moving average price of $33.00.

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 EPS for the quarter, beating 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 forecast 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.