Aquatic Capital Management LLC Grows Stock Holdings in CNX Resources Co. (NYSE:CNX)

Aquatic Capital Management LLC lifted its position in CNX Resources Co. (NYSE:CNX) by 15.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 223,971 shares of the oil and gas producer’s stock after buying an additional 30,771 shares during the quarter. Aquatic Capital Management LLC’s holdings in CNX Resources were worth $8,213,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its position in CNX Resources by 131.5% in the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 526 shares in the last quarter. Xponance Inc. grew its holdings in shares of CNX Resources by 2.9% in the fourth quarter. Xponance Inc. now owns 20,876 shares of the oil and gas producer’s stock valued at $766,000 after purchasing an additional 588 shares in the last quarter. 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 during the period. SeaBridge Investment Advisors LLC lifted its holdings in CNX Resources by 0.8% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 90,301 shares of the oil and gas producer’s stock worth $3,311,000 after buying an additional 759 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in CNX Resources in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CNX shares. Roth Capital set a $30.00 price objective on CNX Resources in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on CNX Resources from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, March 13th. Scotiabank raised CNX Resources from a “sector underperform” rating to a “sector perform” rating and set a $33.00 price objective for the company in a research report on Friday, April 11th. TD Cowen started coverage on shares of CNX Resources in a report on Wednesday, January 15th. They issued a “hold” rating and a $27.00 target price on the stock. Finally, Morgan Stanley reiterated an “underweight” rating and set a $31.00 price target on shares of CNX Resources in a report on Tuesday, April 15th. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, CNX Resources currently has a consensus rating of “Hold” and an average target price of $31.17.

CNX Resources Stock Down 0.4 %

Shares of NYSE:CNX opened at $28.95 on Friday. The firm has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $33.08. CNX Resources Co. has a twelve month low of $22.82 and a twelve month high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $4.26 billion, a PE ratio of -42.57, a P/E/G ratio of 0.42 and a beta of 1.33.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. CNX Resources had a negative net margin of 7.14% and a positive return on equity of 6.72%. On average, equities analysts predict that CNX Resources Co. will post 2.18 EPS for the current fiscal 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.