CNX Resources Co. (NYSE:CNX) Shares Sold by Duality Advisers LP

Duality Advisers LP reduced its stake in CNX Resources Co. (NYSE:CNX) by 26.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 81,455 shares of the oil and gas producer’s stock after selling 29,062 shares during the quarter. Duality Advisers LP owned 0.05% of CNX Resources worth $1,629,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Algert Global LLC acquired a new position in CNX Resources during the third quarter worth $350,000. QRG Capital Management Inc. purchased a new position in shares of CNX Resources in the third quarter valued at approximately $3,542,000. Comerica Bank acquired a new position in shares of CNX Resources in the third quarter valued at approximately $4,054,000. IFP Advisors Inc boosted its position in CNX Resources by 3,621.9% in the 3rd quarter. IFP Advisors Inc now owns 21,066 shares of the oil and gas producer’s stock valued at $476,000 after buying an additional 20,500 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of CNX Resources by 444.1% in the third quarter. Stifel Financial Corp now owns 137,247 shares of the oil and gas producer’s stock worth $3,099,000 after acquiring an additional 112,023 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling

In other CNX Resources news, EVP Timothy Scott Bedard sold 1,226 shares of CNX Resources stock in a transaction on Monday, February 26th. The shares were sold at an average price of $20.83, for a total value of $25,537.58. Following the transaction, the executive vice president now directly owns 67,982 shares in the company, valued at $1,416,065.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.65% of the stock is owned by company insiders.

CNX Resources Stock Up 0.4 %

Shares of NYSE CNX opened at $24.10 on Tuesday. The business has a 50-day moving average price of $22.24 and a 200 day moving average price of $21.36. The stock has a market cap of $3.69 billion, a PE ratio of 2.65 and a beta of 1.33. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.43. CNX Resources Co. has a 52-week low of $14.36 and a 52-week high of $24.82.

CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $2.59. The company had revenue of $999.50 million during the quarter, compared to analysts’ expectations of $401.62 million. CNX Resources had a return on equity of 9.00% and a net margin of 50.34%. The firm’s revenue for the quarter was down 38.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 earnings per share. Equities research analysts forecast that CNX Resources Co. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

CNX has been the subject of several analyst reports. Roth Mkm boosted their target price on CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Piper Sandler lifted their price target on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday. Scotiabank increased their price objective on shares of CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Thursday, April 11th. Mizuho boosted their target price on shares of CNX Resources from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Bank of America upgraded CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 price objective on the stock in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, CNX Resources presently has a consensus rating of “Hold” and an average target price of $24.43.

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.