Howard Hughes Medical Institute reduced its position in shares of CNX Coal Resources LP (NYSE:CNXC) by 17.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,160 shares of the energy company’s stock after selling 7,040 shares during the quarter. Howard Hughes Medical Institute owned 0.15% of CNX Coal Resources worth $511,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC grew its stake in shares of CNX Coal Resources by 23.6% in the second quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock worth $3,119,000 after acquiring an additional 39,868 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of CNX Coal Resources by 94.2% in the first quarter. Goldman Sachs Group Inc. now owns 149,193 shares of the energy company’s stock worth $2,529,000 after acquiring an additional 72,361 shares during the period. Finally, Apollo Management Holdings L.P. grew its stake in shares of CNX Coal Resources by 72.1% in the first quarter. Apollo Management Holdings L.P. now owns 243,047 shares of the energy company’s stock worth $4,120,000 after acquiring an additional 101,788 shares during the period. Institutional investors and hedge funds own 59.87% of the company’s stock.

A number of analysts have recently commented on the stock. BidaskClub upgraded shares of CNX Coal Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Clarkson Capital reiterated a “buy” rating on shares of CNX Coal Resources in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of CNX Coal Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. TheStreet upgraded shares of CNX Coal Resources from a “d” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price target on shares of CNX Coal Resources in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.17.

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Shares of CNX Coal Resources LP (CNXC) traded up 1.71% during mid-day trading on Friday, hitting $14.90. 27,350 shares of the stock were exchanged. The firm has a market cap of $347.60 million, a price-to-earnings ratio of 9.09 and a beta of 1.52. The stock has a 50-day moving average price of $14.82 and a 200 day moving average price of $15.38. CNX Coal Resources LP has a 52-week low of $14.41 and a 52-week high of $22.30.

CNX Coal Resources (NYSE:CNXC) last posted its quarterly earnings data on Monday, July 31st. The energy company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.11). CNX Coal Resources had a net margin of 11.26% and a return on equity of 22.89%. The company had revenue of $82.47 million for the quarter, compared to analyst estimates of $80.18 million. On average, equities research analysts expect that CNX Coal Resources LP will post $1.71 earnings per share for the current year.

CNX Coal Resources Company Profile

CNX Coal Resources LP is a producer of high-British thermal units (Btu) thermal coal in the Northern Appalachian Basin and the eastern United States. It is engaged in the management and development of coal operations of CONSOL Energy Inc (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy’s Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.

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

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