AlphaCrest Capital Management LLC purchased a new position in CNX Resources Corp (NYSE:CNX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,700 shares of the oil and gas producer’s stock, valued at approximately $214,000.
Other institutional investors also recently bought and sold shares of the company. First Hawaiian Bank grew its stake in shares of CNX Resources by 54.9% in the 4th quarter. First Hawaiian Bank now owns 2,948 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 1,045 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of CNX Resources by 1,126.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 970,403 shares of the oil and gas producer’s stock worth $85,000 after buying an additional 891,300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CNX Resources by 14.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,414 shares of the oil and gas producer’s stock worth $142,000 after buying an additional 1,554 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of CNX Resources in the 3rd quarter worth approximately $162,000. Finally, Virtu Financial LLC purchased a new stake in shares of CNX Resources in the 4th quarter worth approximately $172,000. Institutional investors own 98.10% of the company’s stock.
Shares of CNX opened at $10.11 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. CNX Resources Corp has a 12 month low of $9.58 and a 12 month high of $18.37. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 6.61 and a beta of 0.88.
CNX Resources (NYSE:CNX) last issued its earnings results on Thursday, January 31st. The oil and gas producer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.28 by $0.39. CNX Resources had a return on equity of 5.91% and a net margin of 46.03%. The business had revenue of $435.46 million for the quarter, compared to the consensus estimate of $436.26 million. During the same period last year, the business posted ($0.23) EPS. On average, equities research analysts expect that CNX Resources Corp will post 0.61 earnings per share for the current year.
In other CNX Resources news, Director Bernard Lanigan, Jr. bought 100,000 shares of the business’s stock in a transaction on Wednesday, December 19th. The shares were acquired at an average cost of $11.95 per share, for a total transaction of $1,195,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.
CNX has been the topic of several recent research reports. Tudor Pickering downgraded CNX Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 1st. Zacks Investment Research downgraded CNX Resources from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. MKM Partners initiated coverage on CNX Resources in a research note on Wednesday, December 5th. They issued a “buy” rating and a $19.00 price target on the stock. ValuEngine upgraded CNX Resources from a “strong sell” rating to a “sell” rating in a research note on Monday, January 7th. Finally, TheStreet downgraded CNX Resources from a “b-” rating to a “c+” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. CNX Resources has a consensus rating of “Hold” and an average target price of $15.00.
TRADEMARK VIOLATION WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2019/03/10/alphacrest-capital-management-llc-buys-shares-of-18700-cnx-resources-corp-cnx.html.
About CNX Resources
CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.
See Also: How to calculate the intrinsic value of a stock
Receive News & Ratings for CNX Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Resources and related companies with MarketBeat.com's FREE daily email newsletter.