CNX Resources Corporation. $CNX Holdings Raised by denkapparat Operations GmbH

denkapparat Operations GmbH lifted its stake in CNX Resources Corporation. (NYSE:CNXFree Report) by 96.3% in the second quarter, HoldingsChannel reports. The firm owned 38,166 shares of the oil and gas producer’s stock after purchasing an additional 18,720 shares during the period. denkapparat Operations GmbH’s holdings in CNX Resources were worth $1,295,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CNX. Susquehanna Fundamental Investments LLC acquired a new stake in CNX Resources during the 2nd quarter worth about $282,000. Wellington Management Group LLP lifted its stake in CNX Resources by 192.4% during the second quarter. Wellington Management Group LLP now owns 924,662 shares of the oil and gas producer’s stock valued at $31,374,000 after buying an additional 608,386 shares in the last quarter. SwitchPoint Financial Planning LLC acquired a new position in shares of CNX Resources in the second quarter worth about $220,000. Empowered Funds LLC acquired a new position in shares of CNX Resources in the second quarter worth about $1,519,000. Finally, Caitlin John LLC purchased a new position in shares of CNX Resources in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CNX shares. Barclays cut their price target on shares of CNX Resources from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. Tudor Pickering raised shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings cut shares of CNX Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Truist Financial raised shares of CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a research note on Wednesday, July 15th. Finally, Mizuho reduced their target price on CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Nine analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $35.44.

Check Out Our Latest Report on CNX Resources

CNX Resources Trading Up 0.5%

NYSE:CNX opened at $37.75 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.72 and a quick ratio of 0.67. CNX Resources Corporation. has a fifty-two week low of $28.82 and a fifty-two week high of $43.62. The stock’s 50-day moving average is $34.77 and its two-hundred day moving average is $36.64. The stock has a market cap of $5.58 billion, a PE ratio of 6.30 and a beta of 0.61.

CNX Resources (NYSE:CNXGet Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas producer reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.72. The company had revenue of $618.48 million for the quarter, compared to the consensus estimate of $475.16 million. CNX Resources had a return on equity of 10.40% and a net margin of 36.53%.The firm’s quarterly revenue was down 35.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 EPS. As a group, equities research analysts forecast that CNX Resources Corporation. will post 3.08 earnings per share for the current fiscal year.

CNX Resources Company Profile

(Free Report)

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.

See Also

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Institutional Ownership by Quarter for CNX Resources (NYSE:CNX)

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