Semanteon Capital Management LP Invests $1.18 Million in CNX Resources Co. (NYSE:CNX)

Semanteon Capital Management LP acquired a new position in CNX Resources Co. (NYSE:CNX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 58,942 shares of the oil and gas producer’s stock, valued at approximately $1,179,000.

Several other large investors have also recently modified their holdings of the stock. Neo Ivy Capital Management purchased a new position in CNX Resources during the 3rd quarter valued at about $26,000. BluePath Capital Management LLC purchased a new position in CNX Resources during the 3rd quarter valued at about $32,000. Castleview Partners LLC purchased a new position in CNX Resources during the 3rd quarter valued at about $41,000. Adirondack Trust Co. purchased a new position in CNX Resources during the 3rd quarter valued at about $54,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in CNX Resources by 30.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,540 shares of the oil and gas producer’s stock valued at $57,000 after purchasing an additional 590 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Transactions at CNX Resources

In other news, EVP Timothy Scott Bedard sold 1,226 shares of the business’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 sale, the executive vice president now directly owns 67,982 shares of the company’s stock, valued at approximately $1,416,065.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CNX shares. Scotiabank boosted their price target on CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a report on Thursday, April 11th. Mizuho boosted their price target on CNX Resources from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Truist Financial boosted their price target on CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, April 5th. Roth Mkm lifted their price objective on CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Bank of America raised CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 price objective on the stock in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.43.

CNX Resources Stock Down 1.2 %

CNX Resources stock traded down $0.28 during trading hours on Thursday, hitting $23.93. 4,726,401 shares of the stock traded hands, compared to its average volume of 2,972,931. The firm’s 50-day moving average price is $22.51 and its two-hundred day moving average price is $21.41. The company has a current ratio of 0.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.66 billion, a PE ratio of 2.63 and a beta of 1.33. CNX Resources Co. has a one year low of $14.36 and a one year high of $24.82.

CNX Resources (NYSE:CNX) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $2.59. CNX Resources had a return on equity of 9.00% and a net margin of 50.34%. The firm had revenue of $999.50 million for the quarter, compared to analysts’ expectations of $401.62 million. During the same period in the previous year, the firm posted $1.64 EPS. The business’s revenue for the quarter was down 38.9% compared to the same quarter last year. On average, research analysts forecast that CNX Resources Co. will post 1.29 EPS for the current year.

CNX Resources Company Profile

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.