First National Bank of Omaha Has $2.39 Million Stock Position in CNX Resources Co. (NYSE:CNX)

First National Bank of Omaha cut its stake in shares of CNX Resources Co. (NYSE:CNX) by 30.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,406 shares of the oil and gas producer’s stock after selling 32,475 shares during the period. First National Bank of Omaha’s holdings in CNX Resources were worth $2,391,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its position in CNX Resources by 3.5% during the third quarter. Sequoia Financial Advisors LLC now owns 13,135 shares of the oil and gas producer’s stock worth $428,000 after acquiring an additional 442 shares during the last quarter. Pullen Investment Management LLC lifted its position in CNX Resources by 2.3% during the second quarter. Pullen Investment Management LLC now owns 27,399 shares of the oil and gas producer’s stock worth $666,000 after acquiring an additional 623 shares during the last quarter. GAMMA Investing LLC lifted its position in CNX Resources by 54.1% during the second quarter. GAMMA Investing LLC now owns 1,896 shares of the oil and gas producer’s stock worth $46,000 after acquiring an additional 666 shares during the last quarter. CWM LLC lifted its position in CNX Resources by 77.0% during the third quarter. CWM LLC now owns 2,149 shares of the oil and gas producer’s stock worth $70,000 after acquiring an additional 935 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in CNX Resources by 3.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,307 shares of the oil and gas producer’s stock worth $712,000 after acquiring an additional 941 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CNX. BMO Capital Markets raised their target price on shares of CNX Resources from $26.00 to $29.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Truist Financial raised their target price on shares of CNX Resources from $34.00 to $35.00 and gave the stock a “hold” rating in a report on Friday. Capital One Financial cut shares of CNX Resources from an “overweight” rating to an “equal weight” rating and set a $25.00 target price on the stock. in a report on Monday, October 14th. Bank of America began coverage on shares of CNX Resources in a report on Monday, October 28th. They set an “underperform” rating and a $34.00 target price on the stock. Finally, JPMorgan Chase & Co. cut shares of CNX Resources from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $31.00 to $37.00 in a research note on Thursday. Seven equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, CNX Resources has a consensus rating of “Reduce” and a consensus target price of $30.00.

CNX Resources Stock Performance

Shares of CNX stock opened at $36.82 on Monday. The business’s 50-day moving average price is $36.83 and its 200-day moving average price is $30.00. CNX Resources Co. has a 12 month low of $19.07 and a 12 month high of $41.93. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.85 and a beta of 1.43.

CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, October 24th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.09. The firm had revenue of $424.21 million for the quarter, compared to analyst estimates of $398.33 million. CNX Resources had a net margin of 27.79% and a return on equity of 7.54%. During the same period in the previous year, the firm posted $0.35 EPS. Equities research analysts forecast that CNX Resources Co. will post 1.53 EPS for the current 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.