Jump Financial LLC Sells 39,949 Shares of CNX Resources Co. (NYSE:CNX)

Jump Financial LLC decreased its position in CNX Resources Co. (NYSE:CNX) by 69.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,309 shares of the oil and gas producer’s stock after selling 39,949 shares during the quarter. Jump Financial LLC’s holdings in CNX Resources were worth $635,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CNX. Bessemer Group Inc. grew its holdings in CNX Resources by 131.5% in the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 526 shares in the last quarter. Xponance Inc. boosted its position in shares of CNX Resources by 2.9% in the fourth quarter. Xponance Inc. now owns 20,876 shares of the oil and gas producer’s stock valued at $766,000 after acquiring an additional 588 shares during the period. Principal Securities Inc. boosted its position in shares of CNX Resources by 38.5% in the fourth quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer’s stock valued at $91,000 after acquiring an additional 691 shares during the period. SeaBridge Investment Advisors LLC grew its stake in shares of CNX Resources by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 90,301 shares of the oil and gas producer’s stock valued at $3,311,000 after acquiring an additional 759 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in CNX Resources during the fourth quarter worth about $39,000. Institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNX. StockNews.com lowered shares of CNX Resources from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Scotiabank raised CNX Resources from a “sector underperform” rating to a “sector perform” rating and set a $33.00 price target on the stock in a research report on Friday, April 11th. Mizuho lifted their price objective on CNX Resources from $34.00 to $35.00 and gave the company an “underperform” rating in a report on Monday, April 7th. JPMorgan Chase & Co. increased their target price on CNX Resources from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, March 13th. Finally, Piper Sandler dropped their price target on CNX Resources from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Tuesday. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.17.

CNX Resources Price Performance

Shares of CNX Resources stock opened at $30.31 on Wednesday. The firm has a market cap of $4.46 billion, a PE ratio of -44.57, a price-to-earnings-growth ratio of 0.42 and a beta of 1.33. The company’s fifty day simple moving average is $30.32 and its two-hundred day simple moving average is $33.18. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 0.45. CNX Resources Co. has a 12-month low of $22.82 and a 12-month high of $41.93.

CNX Resources (NYSE:CNX) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 expect that CNX Resources Co. will post 2.18 EPS for the current year.

About CNX Resources

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.