Spirit of America Management Corp NY Has $430,000 Holdings in CNX Resources Co. (NYSE:CNX)

Spirit of America Management Corp NY lifted its position in CNX Resources Co. (NYSE:CNXFree Report) by 65.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,500 shares of the oil and gas producer’s stock after acquiring an additional 8,500 shares during the quarter. Spirit of America Management Corp NY’s holdings in CNX Resources were worth $430,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNX. Vanguard Group Inc. increased its holdings in shares of CNX Resources by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 18,448,774 shares of the oil and gas producer’s stock valued at $286,510,000 after purchasing an additional 1,758,826 shares during the period. Southeastern Asset Management Inc. TN raised its holdings in shares of CNX Resources by 19.9% during the first quarter. Southeastern Asset Management Inc. TN now owns 13,758,674 shares of the oil and gas producer’s stock worth $220,414,000 after acquiring an additional 2,279,108 shares in the last quarter. State Street Corp boosted its position in CNX Resources by 15.6% during the first quarter. State Street Corp now owns 13,033,827 shares of the oil and gas producer’s stock valued at $270,061,000 after purchasing an additional 1,760,214 shares during the last quarter. Invesco Ltd. grew its stake in CNX Resources by 11.7% in the third quarter. Invesco Ltd. now owns 3,587,664 shares of the oil and gas producer’s stock valued at $81,009,000 after purchasing an additional 376,245 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in CNX Resources by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,533,370 shares of the oil and gas producer’s stock worth $52,492,000 after purchasing an additional 22,477 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Price Performance

Shares of NYSE:CNX opened at $23.72 on Monday. CNX Resources Co. has a fifty-two week low of $14.36 and a fifty-two week high of $24.00. The business has a 50-day moving average of $20.98 and a two-hundred day moving average of $21.12. The stock has a market capitalization of $3.63 billion, a P/E ratio of 2.61, a P/E/G ratio of 1.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.51 and a quick ratio of 0.49.

CNX Resources (NYSE:CNXGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The oil and gas producer reported $2.89 earnings per share for the quarter, topping the consensus estimate of $0.30 by $2.59. CNX Resources had a return on equity of 9.00% and a net margin of 50.34%. The business had revenue of $999.50 million during the quarter, compared to analysts’ expectations of $401.62 million. During the same quarter in the previous year, the firm earned $1.64 EPS. The firm’s revenue was down 38.9% compared to the same quarter last year. On average, equities research analysts predict that CNX Resources Co. will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling

In other CNX Resources news, EVP Timothy Scott Bedard sold 1,226 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $20.83, for a total value of $25,537.58. Following the completion of the sale, the executive vice president now owns 67,982 shares in the company, valued at approximately $1,416,065.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.65% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CNX. Piper Sandler lifted their price target on CNX Resources from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Truist Financial boosted their target price on shares of CNX Resources from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Mizuho raised their price target on shares of CNX Resources from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, March 1st. StockNews.com cut shares of CNX Resources from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Bank of America raised shares of CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 target price on the stock in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.40.

Read Our Latest Report on CNX

CNX Resources Company Profile

(Free Report)

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.

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

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