BlackRock Inc. increased its position in shares of CNX Resources Corp (NYSE:CNX) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,152,984 shares of the oil and gas producer’s stock after acquiring an additional 284,261 shares during the period. BlackRock Inc. owned about 7.67% of CNX Resources worth $250,947,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in CNX. Strategic Global Advisors LLC bought a new position in CNX Resources during the third quarter valued at about $172,000. TNB Financial bought a new position in CNX Resources during the fourth quarter valued at about $176,000. State of Alaska Department of Revenue bought a new position in CNX Resources during the fourth quarter valued at about $197,000. Jane Street Group LLC raised its holdings in CNX Resources by 411.2% during the third quarter. Jane Street Group LLC now owns 12,170 shares of the oil and gas producer’s stock valued at $206,000 after buying an additional 16,081 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its holdings in CNX Resources by 49.2% during the fourth quarter. Emerald Advisers Inc. PA now owns 16,900 shares of the oil and gas producer’s stock valued at $247,000 after buying an additional 5,570 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.
CNX Resources Corp (NYSE CNX) opened at $17.12 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.91. The company has a market capitalization of $3,830.00, a PE ratio of 13.38 and a beta of 1.26. CNX Resources Corp has a 12 month low of $11.35 and a 12 month high of $18.08.
Several equities analysts have weighed in on CNX shares. Zacks Investment Research lowered CNX Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 27th. Robert W. Baird raised their target price on CNX Resources from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, January 29th. B. Riley started coverage on CNX Resources in a report on Tuesday, November 21st. They set a “buy” rating and a $32.00 target price on the stock. Scotiabank set a $21.00 target price on CNX Resources and gave the company a “hold” rating in a report on Monday, November 13th. Finally, SunTrust Banks upgraded CNX Resources from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $23.00.
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CNX Resources Company Profile
CNX Resources Corp., formerly CONSOL Energy Inc, is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.
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