AlphaMark Advisors LLC Buys 4,091 Shares of CNX Resources Co. (NYSE:CNX)

AlphaMark Advisors LLC raised its stake in CNX Resources Co. (NYSE:CNX) by 36.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,225 shares of the oil and gas producer’s stock after purchasing an additional 4,091 shares during the quarter. AlphaMark Advisors LLC’s holdings in CNX Resources were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CNX. Dynamic Technology Lab Private Ltd bought a new stake in shares of CNX Resources during the 4th quarter valued at about $798,000. Parkwood LLC increased its stake in shares of CNX Resources by 11.2% during the fourth quarter. Parkwood LLC now owns 490,435 shares of the oil and gas producer’s stock valued at $9,809,000 after purchasing an additional 49,278 shares in the last quarter. Algert Global LLC purchased a new position in shares of CNX Resources during the third quarter valued at approximately $350,000. New York State Common Retirement Fund raised its stake in CNX Resources by 25.5% during the fourth quarter. New York State Common Retirement Fund now owns 104,131 shares of the oil and gas producer’s stock valued at $2,083,000 after buying an additional 21,131 shares during the last quarter. Finally, Comerica Bank purchased a new position in shares of CNX Resources in the 3rd quarter worth about $4,054,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

CNX Resources Price Performance

Shares of CNX stock traded down $0.28 during trading hours on Monday, hitting $24.02. 1,796,572 shares of the company’s stock were exchanged, compared to its average volume of 2,805,251. The firm has a 50 day moving average of $24.50 and a two-hundred day moving average of $22.42. CNX Resources Co. has a fifty-two week low of $17.27 and a fifty-two week high of $26.57. The firm has a market cap of $3.68 billion, a P/E ratio of 4.35 and a beta of 1.38. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 0.45.

CNX Resources (NYSE:CNX) last released its earnings results on Thursday, April 25th. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $381.00 million during the quarter, compared to analyst estimates of $420.13 million. CNX Resources had a net margin of 40.44% and a return on equity of 7.68%. Sell-side analysts forecast that CNX Resources Co. will post 1.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CNX. Roth Mkm increased their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Piper Sandler raised their target price on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Scotiabank increased their target price on CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Thursday, April 11th. Mizuho upped their price objective on CNX Resources from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Truist Financial raised their target price on shares of CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.00.

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.