Caxton Associates LP Invests $710,000 in CNX Resources Co. (NYSE:CNX)

Caxton Associates LP bought a new position in CNX Resources Co. (NYSE:CNX) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 29,940 shares of the oil and gas producer’s stock, valued at approximately $710,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CNX Resources in the 4th quarter worth about $798,000. Parkwood LLC lifted its position in shares of CNX Resources by 11.2% in the 4th quarter. Parkwood LLC now owns 490,435 shares of the oil and gas producer’s stock worth $9,809,000 after purchasing an additional 49,278 shares during the period. Duality Advisers LP lifted its position in CNX Resources by 61.1% during the 1st quarter. Duality Advisers LP now owns 131,196 shares of the oil and gas producer’s stock valued at $3,112,000 after acquiring an additional 49,741 shares during the period. Moloney Securities Asset Management LLC bought a new stake in CNX Resources during the first quarter worth about $986,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in CNX Resources by 243.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 72,656 shares of the oil and gas producer’s stock worth $1,723,000 after acquiring an additional 51,490 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNX has been the topic of several research reports. Piper Sandler boosted their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. Stephens reissued an “equal weight” rating and set a $27.00 price objective on shares of CNX Resources in a research note on Monday, July 15th. StockNews.com raised shares of CNX Resources from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Roth Mkm boosted their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Mizuho boosted their price objective on shares of CNX Resources from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.57.

CNX Resources Stock Up 3.5 %

CNX opened at $26.66 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.41 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $25.20 and a 200-day moving average price of $23.20. CNX Resources Co. has a twelve month low of $19.07 and a twelve month high of $26.79. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 4.83 and a beta of 1.37.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, July 25th. The oil and gas producer reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.09. CNX Resources had a net margin of 26.64% and a return on equity of 7.51%. The firm had revenue of $321.44 million during the quarter, compared to analysts’ expectations of $387.46 million. During the same period in the previous year, the company earned $0.29 earnings per share. Equities research analysts forecast that CNX Resources Co. will post 1.35 earnings per share for the current year.

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.