Callan Family Office LLC Purchases Shares of 6,093 CNX Resources Co. (NYSE:CNX)

Callan Family Office LLC purchased a new stake in CNX Resources Co. (NYSE:CNX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,093 shares of the oil and gas producer’s stock, valued at approximately $223,000.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in CNX Resources by 38.5% in the fourth quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer’s stock valued at $91,000 after purchasing an additional 691 shares during the last quarter. Blue Trust Inc. boosted its holdings in CNX Resources by 65.1% in the fourth quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer’s stock valued at $119,000 after purchasing an additional 1,280 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in CNX Resources in the fourth quarter valued at $121,000. Oppenheimer Asset Management Inc. purchased a new stake in CNX Resources in the third quarter valued at $205,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of CNX Resources during the 3rd quarter worth about $209,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CNX shares. Mizuho lowered their target price on shares of CNX Resources from $38.00 to $34.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered shares of CNX Resources from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $31.00 to $37.00 in a research note on Thursday, December 5th. StockNews.com lowered shares of CNX Resources from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Morgan Stanley started coverage on shares of CNX Resources in a research note on Friday, January 10th. They set an “underweight” rating and a $29.00 target price on the stock. Finally, Truist Financial increased their target price on shares of CNX Resources from $34.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Nine equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, CNX Resources presently has a consensus rating of “Reduce” and an average target price of $29.69.

CNX Resources Stock Down 2.5 %

CNX stock opened at $29.84 on Wednesday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of -43.87, a PEG ratio of 0.42 and a beta of 1.26. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. CNX Resources Co. has a 12 month low of $21.00 and a 12 month high of $41.93. The firm has a 50-day moving average of $29.96 and a two-hundred day moving average of $32.94.

CNX Resources (NYSE:CNX) last released its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. CNX Resources had a negative net margin of 7.14% and a positive return on equity of 6.72%. As a group, analysts forecast that CNX Resources Co. will post 2.18 earnings per share for the current fiscal year.

Insider Buying and Selling at CNX Resources

In other CNX Resources news, major shareholder Mfn Partners, Lp sold 1,075,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.09, for a total value of $33,421,750.00. Following the completion of the sale, the insider now owns 13,925,000 shares in the company, valued at approximately $432,928,250. This represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is owned by insiders.

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.