Corient Private Wealth LLC Has $1.90 Million Stock Position in CNX Resources Co. (NYSE:CNX)

Corient Private Wealth LLC boosted its holdings in shares of CNX Resources Co. (NYSE:CNX) by 16.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,946 shares of the oil and gas producer’s stock after acquiring an additional 7,464 shares during the quarter. Corient Private Wealth LLC’s holdings in CNX Resources were worth $1,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNX. Geode Capital Management LLC increased its holdings in shares of CNX Resources by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,602,837 shares of the oil and gas producer’s stock worth $117,366,000 after acquiring an additional 12,333 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CNX Resources by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer’s stock valued at $73,357,000 after buying an additional 139,647 shares in the last quarter. Assetmark Inc. increased its position in CNX Resources by 2.2% during the 4th quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer’s stock worth $32,469,000 after buying an additional 19,309 shares during the period. Aureus Asset Management LLC boosted its holdings in CNX Resources by 0.6% in the 3rd quarter. Aureus Asset Management LLC now owns 642,289 shares of the oil and gas producer’s stock valued at $20,919,000 after purchasing an additional 3,659 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of CNX Resources by 0.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 622,503 shares of the oil and gas producer’s stock valued at $22,827,000 after buying an additional 5,769 shares during the period. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

CNX has been the topic of a number of recent analyst reports. Truist Financial raised their price target on CNX Resources from $34.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Mizuho cut their price target on shares of CNX Resources from $38.00 to $34.00 and set an “underperform” rating for the company in a report on Tuesday, January 14th. Stephens raised shares of CNX Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $48.00 in a research note on Tuesday, March 18th. Raymond James upgraded CNX Resources from an “underperform” rating to a “market perform” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley assumed coverage on CNX Resources in a report on Friday, January 10th. They set an “underweight” rating and a $29.00 price target for the company. Nine investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.38.

CNX Resources Trading Up 0.4 %

CNX opened at $31.86 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32. CNX Resources Co. has a fifty-two week low of $22.80 and a fifty-two week high of $41.93. The company’s 50 day moving average price is $29.75 and its two-hundred day moving average price is $33.17. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of -46.84, a PEG ratio of 0.42 and a beta of 1.26.

CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share 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%. As a group, research analysts predict that CNX Resources Co. will post 2.18 earnings per share for the current year.

Insider Activity

In other news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.09, for a total value of $33,421,750.00. Following the sale, the insider now directly owns 13,925,000 shares of the company’s stock, 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 SEC, which is available through the SEC website. Insiders own 3.10% of the company’s stock.

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.