Voya Investment Management LLC Lowers Stake in CNX Resources Corporation. $CNX

Voya Investment Management LLC lessened its position in CNX Resources Corporation. (NYSE:CNX) by 31.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,607 shares of the oil and gas producer’s stock after selling 19,053 shares during the period. Voya Investment Management LLC’s holdings in CNX Resources were worth $1,304,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. US Bancorp DE grew its holdings in CNX Resources by 1.9% in the second quarter. US Bancorp DE now owns 25,944 shares of the oil and gas producer’s stock valued at $874,000 after purchasing an additional 477 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of CNX Resources by 548.9% in the 2nd quarter. Hsbc Holdings PLC now owns 48,774 shares of the oil and gas producer’s stock valued at $1,668,000 after purchasing an additional 41,258 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its holdings in shares of CNX Resources by 11.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 97,023 shares of the oil and gas producer’s stock valued at $3,268,000 after purchasing an additional 9,908 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of CNX Resources by 12.5% during the 2nd quarter. Federated Hermes Inc. now owns 442,778 shares of the oil and gas producer’s stock valued at $14,913,000 after buying an additional 49,316 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in shares of CNX Resources during the 2nd quarter worth $252,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Trading Up 0.5%

CNX opened at $36.78 on Tuesday. The firm’s 50 day moving average is $36.70 and its 200-day moving average is $33.24. CNX Resources Corporation. has a 52-week low of $27.00 and a 52-week high of $42.13. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $4.96 billion, a P/E ratio of 25.72, a P/E/G ratio of 0.34 and a beta of 0.64.

CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Thursday, October 30th. The oil and gas producer reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The firm had revenue of $423.00 million for the quarter, compared to analyst estimates of $408.80 million. CNX Resources had a net margin of 16.56% and a return on equity of 9.10%. The company’s quarterly revenue was up 37.6% compared to the same quarter last year. Analysts expect that CNX Resources Corporation. will post 2.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CNX shares. Scotiabank boosted their price target on CNX Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, November 21st. Siebert Williams Shank assumed coverage on CNX Resources in a report on Monday, September 15th. They set a “hold” rating and a $32.00 target price for the company. Barclays increased their target price on shares of CNX Resources from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNX Resources in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. upgraded shares of CNX Resources from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $36.00 to $38.00 in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $34.00.

About CNX Resources

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.