Semanteon Capital Management LP Buys 6,542 Shares of CNX Resources Co. (NYSE:CNX)

Semanteon Capital Management LP increased its stake in shares of CNX Resources Co. (NYSE:CNX) by 75.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,191 shares of the oil and gas producer’s stock after purchasing an additional 6,542 shares during the quarter. Semanteon Capital Management LP’s holdings in CNX Resources were worth $557,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Congress Asset Management Co. increased its position in shares of CNX Resources by 7.2% during the 4th quarter. Congress Asset Management Co. now owns 266,447 shares of the oil and gas producer’s stock valued at $9,771,000 after purchasing an additional 17,951 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of CNX Resources by 12.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,860,817 shares of the oil and gas producer’s stock valued at $60,607,000 after purchasing an additional 202,890 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of CNX Resources during the 3rd quarter valued at approximately $534,000. Convergence Investment Partners LLC bought a new position in shares of CNX Resources during the 4th quarter valued at approximately $1,556,000. Finally, Assetmark Inc. increased its position in shares of CNX Resources by 2.2% during the 4th quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer’s stock valued at $32,469,000 after purchasing an additional 19,309 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

CNX Resources Trading Down 0.7 %

Shares of NYSE CNX opened at $31.79 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32. The stock has a market capitalization of $4.73 billion, a P/E ratio of -46.75, a price-to-earnings-growth ratio of 0.42 and a beta of 1.26. CNX Resources Co. has a 1-year low of $22.58 and a 1-year high of $41.93. The business has a fifty day moving average price of $29.71 and a 200 day moving average price of $33.05.

CNX Resources (NYSE:CNX) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share for the quarter, topping 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%. Equities research analysts expect that CNX Resources Co. will post 2.18 EPS for the current fiscal year.

Insider Buying and Selling

In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.09, for a total value of $33,421,750.00. Following the completion of the sale, the insider now directly owns 13,925,000 shares in the company, valued at approximately $432,928,250. This trade represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CNX. StockNews.com downgraded CNX Resources from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Truist Financial upped their price objective on CNX Resources from $34.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Stephens raised CNX Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $48.00 in a research report on Tuesday. Piper Sandler cut their price objective on CNX Resources from $23.00 to $22.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 29th. Finally, Roth Capital set a $30.00 price objective on CNX Resources in a research report on Thursday, January 23rd. Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, CNX Resources presently has an average rating of “Hold” and a consensus price target of $30.38.

CNX Resources Company 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.