Federated Investors Inc. PA raised its holdings in shares of CNX Resources Corp (NYSE:CNX) by 6.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,825 shares of the oil and gas producer’s stock after purchasing an additional 4,652 shares during the period. Federated Investors Inc. PA’s holdings in CNX Resources were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CNX. Stratos Wealth Partners LTD. acquired a new stake in CNX Resources during the 1st quarter worth approximately $118,000. Point72 Asia Hong Kong Ltd bought a new position in shares of CNX Resources during the 1st quarter worth approximately $123,000. Gargoyle Investment Advisor L.L.C. bought a new position in shares of CNX Resources during the 1st quarter worth approximately $170,000. Sciencast Management LP bought a new position in shares of CNX Resources during the 1st quarter worth approximately $174,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of CNX Resources by 61.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 16,253 shares of the oil and gas producer’s stock worth $250,000 after acquiring an additional 6,205 shares in the last quarter. Institutional investors own 95.60% of the company’s stock.

In other CNX Resources news, Director J. Palmer Clarkson purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was acquired at an average price of $14.90 per share, with a total value of $149,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Several equities analysts have recently weighed in on CNX shares. Zacks Investment Research cut shares of CNX Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. ValuEngine cut shares of CNX Resources from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Raymond James cut shares of CNX Resources from a “market perform” rating to an “underperform” rating in a research note on Monday, August 6th. They noted that the move was a valuation call. Finally, Goldman Sachs Group cut shares of CNX Resources from a “neutral” rating to a “sell” rating and set a $14.00 target price for the company. in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. CNX Resources presently has an average rating of “Hold” and a consensus target price of $21.00.

CNX Resources stock traded up $0.02 during mid-day trading on Friday, hitting $14.16. 2,055,127 shares of the company’s stock traded hands, compared to its average volume of 3,061,327. CNX Resources Corp has a fifty-two week low of $11.69 and a fifty-two week high of $18.37. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -88.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.67 and a quick ratio of 0.65.

CNX Resources (NYSE:CNX) last announced its quarterly earnings results on Thursday, August 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.21. CNX Resources had a return on equity of 2.37% and a net margin of 40.07%. The business had revenue of $402.12 million during the quarter, compared to the consensus estimate of $381.22 million. During the same quarter last year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities analysts anticipate that CNX Resources Corp will post 0.74 earnings per share for the current fiscal year.

CNX Resources Company Profile

CNX Resources Corporation, an independent oil and natural gas company, explores for, develops, and produces natural gas in the Appalachian Basin. As of December 31, 2017, it had 7.6 trillion cubic feet equivalent of proved natural gas reserves. The company also owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia.

Read More: What is the Dow Jones Industrial Average (DJIA)?

Institutional Ownership by Quarter for CNX Resources (NYSE:CNX)

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.