Envestnet Asset Management Inc. Has $2.49 Million Stock Holdings in CNX Resources Co. (NYSE:CNX)

Envestnet Asset Management Inc. grew its holdings in CNX Resources Co. (NYSE:CNX – Get Rating) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 160,223 shares of the oil and gas producer’s stock after buying an additional 10,548 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of CNX Resources worth $2,488,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CNX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of CNX Resources by 6.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,211 shares of the oil and gas producer’s stock valued at $1,538,000 after buying an additional 4,188 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of CNX Resources by 7.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 117,180 shares of the oil and gas producer’s stock valued at $2,502,000 after buying an additional 7,871 shares in the last quarter. Sei Investments Co. raised its stake in shares of CNX Resources by 7.8% in the 1st quarter. Sei Investments Co. now owns 249,181 shares of the oil and gas producer’s stock valued at $5,208,000 after buying an additional 17,930 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of CNX Resources by 39.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 104,255 shares of the oil and gas producer’s stock valued at $2,160,000 after buying an additional 29,348 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of CNX Resources by 26.2% during the 1st quarter. Allianz Asset Management GmbH now owns 53,619 shares of the oil and gas producer’s stock worth $1,111,000 after purchasing an additional 11,142 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CNX shares. Mizuho started coverage on shares of CNX Resources in a research report on Monday, January 9th. They set an “underperform” rating and a $19.00 target price for the company. StockNews.com cut shares of CNX Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.86.

CNX Resources Trading Down 0.3 %

CNX opened at $15.87 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.70 billion, a PE ratio of -14.83, a PEG ratio of 0.36 and a beta of 1.32. CNX Resources Co. has a 1-year low of $14.55 and a 1-year high of $24.21. The firm has a 50-day moving average price of $16.11 and a two-hundred day moving average price of $16.78.

CNX Resources (NYSE:CNX – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The oil and gas producer reported $5.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $5.11. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $510.19 million. CNX Resources had a negative net margin of 5.36% and a positive return on equity of 21.25%. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. As a group, equities analysts anticipate that CNX Resources Co. will post 2.14 earnings per share for the current fiscal year.

CNX Resources Company Profile

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CNX Resources Corp. engages in the exploration, development, production, and acquisition of natural gas properties in the Appalachian Basin. It operates through the following segments: Shale, Coalbed Methane, and Other Gas. The Shale segment refers to primary reserves, production, and capital investments.