XTX Topco Ltd Boosts Stock Position in CNX Resources Co. (NYSE:CNX)

XTX Topco Ltd increased its holdings in CNX Resources Co. (NYSE:CNX) by 25.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,957 shares of the oil and gas producer’s stock after purchasing an additional 6,287 shares during the period. XTX Topco Ltd’s holdings in CNX Resources were worth $1,135,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of CNX Resources by 131.5% in the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 526 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in CNX Resources in the fourth quarter worth about $39,000. VSM Wealth Advisory LLC bought a new stake in CNX Resources during the fourth quarter worth approximately $55,000. Principal Securities Inc. raised its position in CNX Resources by 38.5% during the fourth quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer’s stock valued at $91,000 after purchasing an additional 691 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of CNX Resources by 65.1% in the 4th quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer’s stock valued at $119,000 after purchasing an additional 1,280 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Performance

CNX Resources stock opened at $30.81 on Wednesday. CNX Resources Co. has a fifty-two week low of $22.82 and a fifty-two week high of $41.93. The company has a market capitalization of $4.54 billion, a PE ratio of -45.30, a P/E/G ratio of 0.42 and a beta of 1.33. The company has a 50 day moving average price of $30.27 and a 200-day moving average price of $33.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.32 and a current ratio of 0.33.

CNX Resources (NYSE:CNX) last issued its earnings results 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 positive return on equity of 6.72% and a negative net margin of 7.14%. As a group, equities analysts forecast that CNX Resources Co. will post 2.18 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Cowen began coverage on CNX Resources in a research report on Wednesday, January 15th. They set a “hold” rating and a $27.00 target price on the stock. Scotiabank upgraded shares of CNX Resources from a “sector underperform” rating to a “sector perform” rating and set a $33.00 price objective on the stock in a research report on Friday, April 11th. StockNews.com downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Mizuho lifted their price target on shares of CNX Resources from $34.00 to $35.00 and gave the stock an “underperform” rating in a research note on Monday, April 7th. Finally, Stephens raised shares of CNX Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $48.00 in a research report on Tuesday, March 18th. Eight equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, CNX Resources presently has an average rating of “Hold” and a consensus price target of $31.25.

CNX Resources Company 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.