Delek Group Ltd. purchased a new stake in CNX Resources Corp (NYSE:CNX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 200,000 shares of the oil and gas producer’s stock, valued at approximately $2,922,000. Delek Group Ltd. owned approximately 0.09% of CNX Resources as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of CNX Resources by 1.7% in the 4th quarter. BlackRock Inc. now owns 17,152,984 shares of the oil and gas producer’s stock valued at $250,947,000 after acquiring an additional 284,261 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CNX Resources by 13.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,802,888 shares of the oil and gas producer’s stock valued at $182,996,000 after acquiring an additional 1,308,911 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of CNX Resources by 2.0% in the 3rd quarter. Van ECK Associates Corp now owns 5,874,962 shares of the oil and gas producer’s stock valued at $99,522,000 after acquiring an additional 113,594 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its position in CNX Resources by 42.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 4,384,926 shares of the oil and gas producer’s stock worth $64,151,000 after buying an additional 1,316,915 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in CNX Resources by 246.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 3,036,902 shares of the oil and gas producer’s stock worth $51,445,000 after buying an additional 2,161,302 shares in the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of CNX Resources from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. ValuEngine upgraded shares of CNX Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Tudor Pickering upgraded shares of CNX Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Barclays set a $16.00 target price on shares of CNX Resources and gave the stock a “hold” rating in a research report on Tuesday, December 12th. Finally, SunTrust Banks upgraded shares of CNX Resources from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.00.
CNX Resources stock opened at $15.60 on Thursday. CNX Resources Corp has a 12 month low of $11.29 and a 12 month high of $18.08. The company has a market cap of $3,481.68, a price-to-earnings ratio of 64.83 and a beta of 1.26. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.91 and a current ratio of 1.93.
CNX Resources (NYSE:CNX) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas producer reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. CNX Resources had a net margin of 14.03% and a return on equity of 1.36%. The company had revenue of $333.30 million for the quarter, compared to analyst estimates of $331.76 million. During the same quarter in the prior year, the business posted ($1.33) EPS. CNX Resources’s quarterly revenue was up 19.0% on a year-over-year basis. research analysts forecast that CNX Resources Corp will post 0.52 earnings per share for the current year.
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CNX Resources Company 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.
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