Great West Life Assurance Co. Can raised its holdings in shares of CNX Resources Corp (NYSE:CNX) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,240 shares of the oil and gas producer’s stock after acquiring an additional 12,108 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.05% of CNX Resources worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System grew its holdings in shares of CNX Resources by 1.6% during the second quarter. Arizona State Retirement System now owns 74,700 shares of the oil and gas producer’s stock worth $1,116,000 after buying an additional 1,200 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of CNX Resources by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 14,921 shares of the oil and gas producer’s stock worth $223,000 after buying an additional 577 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of CNX Resources during the second quarter worth about $289,000. Bank of New York Mellon Corp grew its holdings in shares of CNX Resources by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 2,321,275 shares of the oil and gas producer’s stock worth $34,679,000 after buying an additional 7,240 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of CNX Resources by 0.6% during the second quarter. Comerica Bank now owns 152,499 shares of the oil and gas producer’s stock worth $2,460,000 after buying an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 99.32% of the company’s stock.

Shares of CNX Resources Corp (NYSE:CNX) opened at $13.81 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.94 and a quick ratio of 0.86. CNX Resources Corp has a 12-month low of $11.29 and a 12-month high of $16.47. The stock has a market cap of $3,098.55, a P/E ratio of 72.68 and a beta of 1.53.

CNX Resources (NYSE:CNX) last released its earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.14). CNX Resources had a positive return on equity of 1.09% and a negative net margin of 7.49%. The company had revenue of $671.30 million during the quarter, compared to analyst estimates of $623.00 million. During the same period in the prior year, the business posted $0.04 earnings per share. CNX Resources’s revenue was down 10.0% on a year-over-year basis. analysts anticipate that CNX Resources Corp will post 0.41 EPS for the current fiscal year.

CNX Resources announced that its board has initiated a stock buyback program on Tuesday, September 5th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas producer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

A number of equities research analysts have recently commented on the stock. Barclays set a $16.00 price target on shares of CNX Resources and gave the stock a “hold” rating in a report on Tuesday, December 12th. SunTrust Banks upgraded shares of CNX Resources from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Seaport Global Securities assumed coverage on shares of CNX Resources in a report on Thursday, November 30th. They set a “buy” rating and a $32.00 price target for the company. Stifel Nicolaus assumed coverage on shares of CNX Resources in a report on Thursday, November 30th. They set a “buy” rating and a $32.00 price target for the company. Finally, B. Riley started coverage on shares of CNX Resources in a report on Tuesday, November 21st. They set a “buy” rating and a $32.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.00.

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About CNX Resources

CNX Resources Corp., formerly CONSOL Energy Inc, is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.

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

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