CNX Resources Corporation. $CNX Shares Purchased by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. grew its position in shares of CNX Resources Corporation. (NYSE:CNX) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 410,579 shares of the oil and gas producer’s stock after acquiring an additional 13,574 shares during the quarter. CNX Resources comprises about 1.5% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 28th largest holding. Eubel Brady & Suttman Asset Management Inc. owned about 0.30% of CNX Resources worth $13,188,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. State of Wyoming bought a new stake in CNX Resources in the 2nd quarter valued at about $29,000. Ameritas Advisory Services LLC acquired a new stake in shares of CNX Resources in the second quarter valued at approximately $32,000. Elevation Point Wealth Partners LLC bought a new stake in shares of CNX Resources during the second quarter valued at approximately $46,000. EverSource Wealth Advisors LLC boosted its position in shares of CNX Resources by 393.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,925 shares of the oil and gas producer’s stock worth $65,000 after buying an additional 1,535 shares during the period. Finally, MTM Investment Management LLC bought a new position in CNX Resources in the 2nd quarter worth approximately $67,000. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CNX shares. Weiss Ratings restated a “hold (c)” rating on shares of CNX Resources in a research report on Monday, December 29th. Mizuho increased their price target on CNX Resources from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Scotiabank restated a “sector perform” rating and set a $44.00 price objective on shares of CNX Resources in a research note on Wednesday, January 21st. Zacks Research lowered shares of CNX Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Roth Mkm set a $35.00 target price on shares of CNX Resources and gave the company a “neutral” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CNX Resources presently has a consensus rating of “Reduce” and a consensus price target of $36.00.

CNX Resources Trading Up 1.4%

Shares of CNX stock opened at $39.93 on Thursday. The stock has a 50-day simple moving average of $37.65 and a 200 day simple moving average of $34.11. The stock has a market capitalization of $5.38 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.41 and a beta of 0.66. CNX Resources Corporation. has a fifty-two week low of $27.68 and a fifty-two week high of $42.13. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 0.52.

CNX Resources (NYSE:CNX) last issued its quarterly earnings results on Thursday, January 29th. The oil and gas producer reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.94. The company had revenue of $610.48 million during the quarter, compared to the consensus estimate of $422.65 million. CNX Resources had a net margin of 28.28% and a return on equity of 9.29%. CNX Resources’s revenue was up 347.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.97) EPS. On average, sell-side analysts expect that CNX Resources Corporation. will post 2.18 earnings per share for the current fiscal year.

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.