State of New Jersey Common Pension Fund D Has $2.39 Million Stock Position in CNX Resources Corporation. $CNX

State of New Jersey Common Pension Fund D boosted its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 23.0% in the 3rd quarter, Holdings Channel reports. The firm owned 74,243 shares of the oil and gas producer’s stock after buying an additional 13,896 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CNX Resources were worth $2,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CNX. Eubel Brady & Suttman Asset Management Inc. raised its holdings in shares of CNX Resources by 3.4% during the 3rd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 410,579 shares of the oil and gas producer’s stock worth $13,188,000 after buying an additional 13,574 shares in the last quarter. Gallacher Capital Management LLC acquired a new position in CNX Resources during the third quarter worth about $314,000. Hantz Financial Services Inc. lifted its holdings in shares of CNX Resources by 462.7% in the third quarter. Hantz Financial Services Inc. now owns 2,954 shares of the oil and gas producer’s stock worth $95,000 after acquiring an additional 2,429 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in shares of CNX Resources by 6.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 54,862 shares of the oil and gas producer’s stock valued at $1,762,000 after purchasing an additional 3,310 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of CNX Resources by 801.4% during the 3rd quarter. State of Wyoming now owns 7,788 shares of the oil and gas producer’s stock valued at $250,000 after purchasing an additional 6,924 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Down 0.5%

Shares of NYSE:CNX opened at $40.45 on Friday. The firm has a market cap of $5.76 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.42 and a beta of 0.66. CNX Resources Corporation. has a 12-month low of $27.68 and a 12-month high of $42.13. The business has a fifty day simple moving average of $37.64 and a 200 day simple moving average of $34.62. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 0.52.

CNX Resources (NYSE:CNX) last released its quarterly earnings results on Thursday, January 29th. The oil and gas producer reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.94. CNX Resources had a return on equity of 9.29% and a net margin of 28.28%.The firm had revenue of $610.48 million for the quarter, compared to analyst estimates of $422.65 million. During the same quarter in the previous year, the company posted ($0.97) EPS. The business’s revenue was up 347.0% on a year-over-year basis. Analysts predict that CNX Resources Corporation. will post 2.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on CNX shares. Scotiabank reissued a “sector perform” rating and issued a $44.00 price objective on shares of CNX Resources in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upgraded CNX Resources from an “underweight” rating to a “neutral” rating and increased their price target for the company from $36.00 to $38.00 in a research note on Monday, December 8th. Morgan Stanley raised their price objective on CNX Resources from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. Piper Sandler set a $26.00 price objective on CNX Resources in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded CNX Resources from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $36.00.

CNX Resources Company Profile

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.