CNX Resources Co. (NYSE:CNX) Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its stake in CNX Resources Co. (NYSE:CNX) by 15.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 223,971 shares of the oil and gas producer’s stock after acquiring an additional 30,771 shares during the quarter. Aquatic Capital Management LLC owned 0.15% of CNX Resources worth $8,213,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNX. Bessemer Group Inc. grew its position in shares of CNX Resources by 131.5% in the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 526 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in CNX Resources in the 4th quarter valued at about $39,000. VSM Wealth Advisory LLC acquired a new stake in CNX Resources in the 4th quarter worth about $55,000. Principal Securities Inc. increased its stake in CNX Resources by 38.5% during the 4th quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer’s stock worth $91,000 after buying an additional 691 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of CNX Resources by 65.1% during the fourth quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer’s stock valued at $119,000 after acquiring an additional 1,280 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Down 0.4 %

CNX stock opened at $28.95 on Friday. CNX Resources Co. has a one year low of $22.82 and a one year high of $41.93. The firm has a market cap of $4.26 billion, a PE ratio of -42.57, a PEG ratio of 0.42 and a beta of 1.33. The firm’s 50 day moving average price is $30.27 and its 200-day moving average price is $33.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.32 and a current ratio of 0.33.

CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, January 30th. The oil and gas producer reported $0.57 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%. On average, equities research analysts anticipate that CNX Resources Co. will post 2.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CNX. Morgan Stanley reaffirmed an “underweight” rating and issued a $31.00 price target on shares of CNX Resources in a research note on Tuesday, April 15th. JPMorgan Chase & Co. upped their target price on shares of CNX Resources from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, March 13th. Stephens raised shares of CNX Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $35.00 to $48.00 in a research note on Tuesday, March 18th. Raymond James upgraded shares of CNX Resources from an “underperform” rating to a “market perform” rating in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.17.

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.