Partners Capital Investment Group LLP bought a new position in CNX Resources Corp (NYSE:CNX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 86,692 shares of the oil and gas producer’s stock, valued at approximately $1,268,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Strategic Global Advisors LLC acquired a new stake in shares of CNX Resources in the third quarter valued at approximately $172,000. TNB Financial acquired a new stake in shares of CNX Resources in the fourth quarter valued at approximately $176,000. Jane Street Group LLC increased its stake in shares of CNX Resources by 411.2% in the third quarter. Jane Street Group LLC now owns 12,170 shares of the oil and gas producer’s stock valued at $206,000 after purchasing an additional 16,081 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of CNX Resources in the fourth quarter valued at approximately $197,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of CNX Resources in the fourth quarter valued at approximately $219,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on CNX shares. Tudor Pickering upgraded shares of CNX Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. B. Riley started coverage on shares of CNX Resources in a research note on Tuesday, November 21st. They set a “buy” rating and a $32.00 price objective on the stock. Zacks Investment Research upgraded shares of CNX Resources from a “sell” rating to a “hold” rating in a research note on Monday. Robert W. Baird raised their price objective on shares of CNX Resources from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Finally, SunTrust Banks upgraded shares of CNX Resources from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.00.
Shares of CNX Resources Corp (CNX) traded down $0.71 during trading hours on Wednesday, reaching $15.54. 7,367,811 shares of the company were exchanged, compared to its average volume of 4,412,226. The company has a market capitalization of $3,830.74, a PE ratio of 9.36 and a beta of 1.26. CNX Resources Corp has a 1 year low of $11.29 and a 1 year high of $18.08. The company has a quick ratio of 1.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.57.
CNX Resources (NYSE:CNX) last issued its earnings results on Tuesday, January 30th. The oil and gas producer reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $333.30 million during the quarter, compared to analysts’ expectations of $331.76 million. CNX Resources had a net margin of 14.03% and a return on equity of 1.36%. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted ($1.33) earnings per share. research analysts predict that CNX Resources Corp will post 0.47 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Partners Capital Investment Group LLP Buys New Holdings in CNX Resources Corp (CNX)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2018/03/14/86692-shares-in-cnx-resources-corp-cnx-acquired-by-partners-capital-investment-group-llp.html.
CNX Resources Profile
CNX Resources Corp., formerly CONSOL Energy Inc, is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.
Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.com's FREE daily email newsletter.