Wexford Capital LP cut its stake in CNX Coal Resources LP (NYSE:CNXC) by 1.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 72,160 shares of the energy company’s stock after selling 704 shares during the period. Wexford Capital LP owned approximately 0.31% of CNX Coal Resources worth $1,223,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Howard Hughes Medical Institute raised its position in CNX Coal Resources by 9.3% in the first quarter. Howard Hughes Medical Institute now owns 41,200 shares of the energy company’s stock valued at $698,000 after buying an additional 3,521 shares in the last quarter. GSA Capital Partners LLP raised its position in CNX Coal Resources by 80.9% in the fourth quarter. GSA Capital Partners LLP now owns 65,277 shares of the energy company’s stock valued at $1,191,000 after buying an additional 29,197 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in CNX Coal Resources by 81.9% in the fourth quarter. Renaissance Technologies LLC now owns 116,965 shares of the energy company’s stock valued at $2,135,000 after buying an additional 52,665 shares in the last quarter. Institutional investors and hedge funds own 60.79% of the company’s stock.
Shares of CNX Coal Resources LP (CNXC) traded down 0.7374% during mid-day trading on Tuesday, reaching $15.5346. 11,447 shares of the company traded hands. The firm has a 50-day moving average price of $16.02 and a 200 day moving average price of $16.79. The firm has a market capitalization of $362.41 million, a price-to-earnings ratio of 13.0873 and a beta of 1.47. CNX Coal Resources LP has a 52 week low of $8.31 and a 52 week high of $22.30.
CNX Coal Resources (NYSE:CNXC) last released its quarterly earnings results on Monday, May 1st. The energy company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The company had revenue of $83.28 million for the quarter, compared to analysts’ expectations of $79.92 million. CNX Coal Resources had a return on equity of 18.32% and a net margin of 10.02%. On average, analysts anticipate that CNX Coal Resources LP will post $1.76 earnings per share for the current year.
A number of equities research analysts have issued reports on CNXC shares. Zacks Investment Research lowered shares of CNX Coal Resources from a “hold” rating to a “sell” rating in a report on Monday, April 3rd. Jefferies Group LLC reissued a “buy” rating and set a $20.00 price target on shares of CNX Coal Resources in a research report on Thursday, June 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.86.
CNX Coal Resources Company Profile
CNX Coal Resources LP is a producer of high-British thermal units (Btu) thermal coal in the Northern Appalachian Basin and the eastern United States. It is engaged in the management and development of coal operations of CONSOL Energy Inc (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy’s Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.
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