Tower Research Capital LLC TRC Has $957,000 Stake in CNX Resources Co. (NYSE:CNX)

Tower Research Capital LLC TRC grew its stake in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 254.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,105 shares of the oil and gas producer's stock after buying an additional 18,733 shares during the period. Tower Research Capital LLC TRC's holdings in CNX Resources were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CNX. Charles Schwab Investment Management Inc. raised its stake in CNX Resources by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer's stock worth $73,357,000 after buying an additional 139,647 shares during the period. Capital Research Global Investors increased its holdings in shares of CNX Resources by 31.8% in the fourth quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer's stock worth $53,172,000 after acquiring an additional 350,000 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of CNX Resources during the fourth quarter worth about $37,923,000. Assetmark Inc. lifted its holdings in shares of CNX Resources by 2.2% during the 4th quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer's stock valued at $32,469,000 after purchasing an additional 19,309 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of CNX Resources by 12.0% in the 4th quarter. First Trust Advisors LP now owns 645,591 shares of the oil and gas producer's stock valued at $23,674,000 after purchasing an additional 69,280 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Scotiabank upgraded shares of CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 target price on the stock in a report on Friday, April 11th. TD Cowen started coverage on shares of CNX Resources in a report on Wednesday, January 15th. They set a "hold" rating and a $27.00 price objective on the stock. Bank of America reduced their target price on shares of CNX Resources from $32.00 to $27.00 and set an "underperform" rating for the company in a research note on Tuesday, April 1st. Piper Sandler dropped their price target on CNX Resources from $22.00 to $21.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Cowen restated a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Eight 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $31.17.

CNX Resources Stock Performance

Shares of CNX stock traded down $0.05 during trading on Thursday, reaching $29.38. 470,547 shares of the company's stock were exchanged, compared to its average volume of 2,672,896. CNX Resources Co. has a twelve month low of $22.82 and a twelve month high of $41.93. The firm's fifty day moving average price is $30.25 and its 200-day moving average price is $32.97. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.33 billion, a PE ratio of -43.28, a PEG ratio of 0.42 and a beta of 1.33.

CNX Resources (NYSE:CNX - Get Free Report) last released 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%. As a group, sell-side analysts anticipate 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.