QRG Capital Management Inc. Buys 12,768 Shares of CNX Resources Co. (NYSE:CNX)

QRG Capital Management Inc. grew its stake in CNX Resources Co. (NYSE:CNX) by 8.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 167,429 shares of the oil and gas producer’s stock after acquiring an additional 12,768 shares during the period. QRG Capital Management Inc.’s holdings in CNX Resources were worth $3,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CNX. Cove Street Capital LLC increased its position in CNX Resources by 2.4% during the first quarter. Cove Street Capital LLC now owns 322,747 shares of the oil and gas producer’s stock worth $7,656,000 after acquiring an additional 7,538 shares during the period. Quantbot Technologies LP increased its position in CNX Resources by 533.4% during the first quarter. Quantbot Technologies LP now owns 286,480 shares of the oil and gas producer’s stock worth $6,795,000 after acquiring an additional 241,250 shares during the period. LSV Asset Management grew its stake in CNX Resources by 18.0% during the first quarter. LSV Asset Management now owns 1,757,121 shares of the oil and gas producer’s stock worth $41,679,000 after buying an additional 267,768 shares in the last quarter. Duality Advisers LP grew its stake in CNX Resources by 61.1% during the first quarter. Duality Advisers LP now owns 131,196 shares of the oil and gas producer’s stock worth $3,112,000 after buying an additional 49,741 shares in the last quarter. Finally, Team Hewins LLC acquired a new stake in CNX Resources during the first quarter worth about $218,000. 95.16% of the stock is owned by institutional investors.

CNX Resources Trading Down 0.5 %

Shares of NYSE CNX traded down $0.14 during mid-day trading on Wednesday, hitting $26.24. The stock had a trading volume of 405,716 shares, compared to its average volume of 2,761,124. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.51 and a current ratio of 0.53. CNX Resources Co. has a 1 year low of $17.83 and a 1 year high of $26.60. The business has a 50 day moving average price of $24.87 and a two-hundred day moving average price of $22.82. The firm has a market cap of $4.02 billion, a P/E ratio of 4.78 and a beta of 1.37.

CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. CNX Resources had a net margin of 40.44% and a return on equity of 7.68%. The business had revenue of $381.00 million for the quarter, compared to the consensus estimate of $420.13 million. On average, equities analysts anticipate that CNX Resources Co. will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CNX shares. Piper Sandler increased their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. Roth Mkm increased their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Scotiabank raised their price target on shares of CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a research note on Thursday, April 11th. Truist Financial raised their price target on shares of CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Mizuho lifted their price objective on shares of CNX Resources from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, CNX Resources has an average rating of “Hold” and an average target price of $25.43.

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.