7,489 Shares in CNX Resources Corporation. $CNX Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in CNX Resources Corporation. (NYSE:CNX) in the second quarter, Holdings Channel reports. The institutional investor purchased 7,489 shares of the oil and gas producer’s stock, valued at approximately $252,000.

Several other large investors also recently made changes to their positions in CNX. Ameritas Advisory Services LLC acquired a new position in shares of CNX Resources in the 2nd quarter worth approximately $32,000. Public Employees Retirement System of Ohio acquired a new position in CNX Resources in the second quarter worth approximately $115,000. CWM LLC increased its holdings in shares of CNX Resources by 26.0% in the second quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock valued at $115,000 after buying an additional 703 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of CNX Resources by 11.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 389 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of CNX Resources by 30.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,838 shares of the oil and gas producer’s stock valued at $129,000 after acquiring an additional 907 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Down 1.7%

CNX opened at $36.15 on Tuesday. The company has a market capitalization of $4.87 billion, a PE ratio of 61.27, a price-to-earnings-growth ratio of 0.35 and a beta of 0.56. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30. CNX Resources Corporation. has a fifty-two week low of $27.00 and a fifty-two week high of $41.93. The business has a 50-day moving average of $32.68 and a 200-day moving average of $31.85.

CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, October 30th. The oil and gas producer reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. CNX Resources had a net margin of 9.70% and a return on equity of 8.93%. The firm had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $408.80 million. The firm’s revenue for the quarter was up 37.6% compared to the same quarter last year. Equities research analysts forecast that CNX Resources Corporation. will post 2.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CNX shares. Scotiabank boosted their price objective on CNX Resources from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Piper Sandler lowered their price objective on shares of CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Thursday, August 14th. Mizuho increased their target price on CNX Resources from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Zacks Research upgraded CNX Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Siebert Williams Shank started coverage on CNX Resources in a research note on Monday, September 15th. They issued a “hold” rating and a $32.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $32.67.

About CNX Resources

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.