108,820 Shares in CNX Resources Co. (NYSE:CNX) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of CNX Resources Co. (NYSE:CNX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 108,820 shares of the oil and gas producer’s stock, valued at approximately $2,176,000. International Assets Investment Management LLC owned approximately 0.07% of CNX Resources at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of CNX Resources by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 18,448,774 shares of the oil and gas producer’s stock worth $286,510,000 after acquiring an additional 1,758,826 shares in the last quarter. Southeastern Asset Management Inc. TN boosted its position in CNX Resources by 19.9% in the first quarter. Southeastern Asset Management Inc. TN now owns 13,758,674 shares of the oil and gas producer’s stock valued at $220,414,000 after buying an additional 2,279,108 shares in the last quarter. State Street Corp boosted its position in CNX Resources by 15.6% in the first quarter. State Street Corp now owns 13,033,827 shares of the oil and gas producer’s stock valued at $270,061,000 after buying an additional 1,760,214 shares in the last quarter. Invesco Ltd. boosted its position in CNX Resources by 11.7% in the third quarter. Invesco Ltd. now owns 3,587,664 shares of the oil and gas producer’s stock valued at $81,009,000 after buying an additional 376,245 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in CNX Resources by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,533,370 shares of the oil and gas producer’s stock valued at $52,492,000 after buying an additional 22,477 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Buying and Selling

In other news, EVP Timothy Scott Bedard bought 1,226 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $20.50 per share, with a total value of $25,133.00. Following the completion of the purchase, the executive vice president now directly owns 1,226 shares of the company’s stock, valued at $25,133. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on CNX shares. Piper Sandler raised their target price on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday. Mizuho raised their target price on shares of CNX Resources from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Roth Mkm raised their target price on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Bank of America upgraded shares of CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 target price on the stock in a research report on Friday, January 5th. Finally, 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, CNX Resources currently has a consensus rating of “Hold” and an average target price of $24.43.

CNX Resources Price Performance

CNX stock opened at $24.02 on Friday. The company has a fifty day moving average price of $22.16 and a 200-day moving average price of $21.35. The company has a market capitalization of $3.68 billion, a P/E ratio of 2.64 and a beta of 1.33. CNX Resources Co. has a 52-week low of $14.36 and a 52-week high of $24.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.49 and a current ratio of 0.51.

CNX Resources (NYSE:CNX) last announced its earnings results on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $2.59. CNX Resources had a net margin of 50.34% and a return on equity of 9.00%. The business had revenue of $999.50 million during the quarter, compared to the consensus estimate of $401.62 million. During the same quarter last year, the firm earned $1.64 earnings per share. CNX Resources’s quarterly revenue was down 38.9% on a year-over-year basis. As a group, equities analysts expect that CNX Resources Co. will post 1.31 EPS for the current year.

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.