Rhumbline Advisers increased its holdings in CNX Resources Corp (NYSE:CNX) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 362,571 shares of the oil and gas producer’s stock after buying an additional 3,508 shares during the period. Rhumbline Advisers owned about 0.18% of CNX Resources worth $5,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in CNX Resources by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 15,624,816 shares of the oil and gas producer’s stock worth $277,803,000 after buying an additional 686,988 shares in the last quarter. Van ECK Associates Corp raised its stake in CNX Resources by 3.4% in the second quarter. Van ECK Associates Corp now owns 5,466,394 shares of the oil and gas producer’s stock worth $97,192,000 after buying an additional 178,483 shares in the last quarter. JPMorgan Chase & Co. raised its stake in CNX Resources by 117.3% in the third quarter. JPMorgan Chase & Co. now owns 2,371,423 shares of the oil and gas producer’s stock worth $33,935,000 after buying an additional 1,280,314 shares in the last quarter. Prudential Financial Inc. raised its stake in CNX Resources by 19.4% in the third quarter. Prudential Financial Inc. now owns 2,193,423 shares of the oil and gas producer’s stock worth $31,389,000 after buying an additional 356,452 shares in the last quarter. Finally, Northern Trust Corp raised its stake in CNX Resources by 4.5% in the second quarter. Northern Trust Corp now owns 1,950,524 shares of the oil and gas producer’s stock worth $34,680,000 after buying an additional 83,898 shares in the last quarter. 98.11% of the stock is owned by institutional investors.

A number of brokerages recently commented on CNX. Raymond James reissued a “sell” rating on shares of CNX Resources in a research note on Thursday, August 30th. TheStreet raised shares of CNX Resources from a “d+” rating to a “b” rating in a research note on Tuesday, October 30th. Goldman Sachs Group downgraded shares of CNX Resources from a “neutral” rating to a “sell” rating and set a $14.00 price objective for the company. in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of CNX Resources from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research note on Wednesday, September 19th. Finally, ValuEngine raised shares of CNX Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.67.

Shares of CNX stock opened at $13.53 on Friday. The firm has a market cap of $2.78 billion, a PE ratio of 16.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.59. CNX Resources Corp has a 12-month low of $11.69 and a 12-month high of $18.37.

CNX Resources (NYSE:CNX) last issued its quarterly earnings results on Tuesday, October 30th. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $397.10 million for the quarter, compared to analyst estimates of $376.23 million. CNX Resources had a return on equity of 3.73% and a net margin of 54.81%. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. On average, analysts predict that CNX Resources Corp will post 0.97 earnings per share for the current year.

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CNX Resources Profile

CNX Resources Corporation, an independent oil and natural gas company, explores for, develops, and produces natural gas in the Appalachian Basin. As of December 31, 2017, it had 7.6 trillion cubic feet equivalent of proved natural gas reserves. The company also owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia.

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

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