CNX Resources Co. (NYSE:CNX) Shares Sold by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. trimmed its stake in CNX Resources Co. (NYSE:CNX) by 29.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 380,212 shares of the oil and gas producer’s stock after selling 159,665 shares during the period. CNX Resources makes up approximately 1.8% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 28th biggest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in CNX Resources were worth $13,942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in CNX Resources by 135.4% in the 3rd quarter. Blue Trust Inc. now owns 1,966 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 1,131 shares in the last quarter. CWM LLC grew its position in CNX Resources by 77.0% in the third quarter. CWM LLC now owns 2,149 shares of the oil and gas producer’s stock worth $70,000 after acquiring an additional 935 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of CNX Resources by 38.5% during the 4th quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer’s stock worth $91,000 after acquiring an additional 691 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in CNX Resources during the fourth quarter worth approximately $121,000. Finally, Longboard Asset Management LP acquired a new position in CNX Resources in the 4th quarter valued at $212,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.09, for a total transaction of $33,421,750.00. Following the completion of the transaction, the insider now owns 13,925,000 shares in the company, valued at approximately $432,928,250. This represents a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CNX. Piper Sandler reduced their price objective on CNX Resources from $23.00 to $22.00 and set an “underweight” rating for the company in a research report on Wednesday, January 29th. Raymond James raised shares of CNX Resources from an “underperform” rating to a “market perform” rating in a report on Tuesday. StockNews.com downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Stephens increased their target price on shares of CNX Resources from $26.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Mizuho lowered their price target on CNX Resources from $38.00 to $34.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 14th. Nine investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, CNX Resources currently has a consensus rating of “Reduce” and an average price target of $29.67.

CNX Resources Trading Down 0.4 %

NYSE CNX opened at $29.51 on Friday. CNX Resources Co. has a one year low of $20.30 and a one year high of $41.93. 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 firm has a market cap of $4.39 billion, a P/E ratio of -43.39, a P/E/G ratio of 0.40 and a beta of 1.38. The stock’s 50-day moving average is $31.58 and its 200-day moving average is $32.58.

CNX Resources (NYSE:CNX) last announced its earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, topping 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%. Sell-side analysts anticipate that CNX Resources Co. will post 2.36 earnings per share for the current fiscal 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.