World Investment Advisors LLC Takes $534,000 Position in CNX Resources Co. (NYSE:CNX)

World Investment Advisors LLC purchased a new stake in shares of CNX Resources Co. (NYSE:CNX) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 16,383 shares of the oil and gas producer’s stock, valued at approximately $534,000.

Several other large investors have also recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its stake in shares of CNX Resources by 3.5% during the third quarter. Sequoia Financial Advisors LLC now owns 13,135 shares of the oil and gas producer’s stock valued at $428,000 after acquiring an additional 442 shares during the last quarter. Pullen Investment Management LLC increased its position in shares of CNX Resources by 2.3% during the second quarter. Pullen Investment Management LLC now owns 27,399 shares of the oil and gas producer’s stock worth $666,000 after buying an additional 623 shares during the period. CWM LLC increased its position in shares of CNX Resources by 77.0% during the third quarter. CWM LLC now owns 2,149 shares of the oil and gas producer’s stock worth $70,000 after buying an additional 935 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of CNX Resources by 3.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,307 shares of the oil and gas producer’s stock worth $712,000 after buying an additional 941 shares during the period. Finally, Blue Trust Inc. increased its position in shares of CNX Resources by 135.4% during the third quarter. Blue Trust Inc. now owns 1,966 shares of the oil and gas producer’s stock worth $64,000 after buying an additional 1,131 shares during the period. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

CNX has been the subject of several recent analyst reports. Scotiabank increased their price objective on shares of CNX Resources from $25.00 to $27.00 and gave the stock a “sector underperform” rating in a research report on Tuesday, August 20th. Capital One Financial cut shares of CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective for the company. in a research report on Monday, October 14th. Truist Financial increased their price objective on shares of CNX Resources from $34.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Tudor Pickering upgraded shares of CNX Resources to a “strong sell” rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. cut shares of CNX Resources from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $31.00 to $37.00 in a report on Thursday, December 5th. Eight research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, CNX Resources presently has an average rating of “Reduce” and a consensus target price of $30.50.

CNX Resources Stock Down 1.0 %

Shares of NYSE CNX opened at $36.53 on Wednesday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.85 and a beta of 1.43. The company has a 50-day moving average price of $37.36 and a 200-day moving average price of $30.60. CNX Resources Co. has a 1 year low of $19.07 and a 1 year high of $41.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.37 and a quick ratio of 0.36.

CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. The firm had revenue of $424.21 million during the quarter, compared to analysts’ expectations of $398.33 million. CNX Resources had a net margin of 27.79% and a return on equity of 7.54%. During the same period last year, the company earned $0.35 earnings per share. On average, equities research analysts forecast that CNX Resources Co. will post 1.54 EPS for the current fiscal year.

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.