Vise Technologies Inc. Purchases New Stake in CNX Resources Corporation. $CNX

Vise Technologies Inc. bought a new stake in CNX Resources Corporation. (NYSE:CNX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,489 shares of the oil and gas producer's stock, valued at approximately $252,000.

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Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of CNX Resources by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer's stock valued at $502,178,000 after acquiring an additional 665,289 shares during the last quarter. Southeast Asset Advisors LLC boosted its holdings in CNX Resources by 6.3% in the first quarter. Southeast Asset Advisors LLC now owns 2,408,025 shares of the oil and gas producer's stock worth $75,805,000 after purchasing an additional 141,819 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in CNX Resources by 514.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,200,000 shares of the oil and gas producer's stock valued at $37,776,000 after purchasing an additional 1,004,545 shares during the last quarter. Nuveen LLC acquired a new stake in shares of CNX Resources during the first quarter worth $35,567,000. Finally, Assetmark Inc. lifted its position in shares of CNX Resources by 1.1% in the 2nd quarter. Assetmark Inc. now owns 899,631 shares of the oil and gas producer's stock worth $30,300,000 after buying an additional 10,224 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on CNX shares. Scotiabank lifted their target price on CNX Resources from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Thursday, October 9th. Morgan Stanley reduced their price objective on CNX Resources from $32.00 to $31.00 and set an "underweight" rating for the company in a research report on Tuesday, October 14th. Weiss Ratings restated a "hold (c)" rating on shares of CNX Resources in a research note on Tuesday, November 11th. Mizuho raised their target price on CNX Resources from $34.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. Finally, Barclays upped their price target on shares of CNX Resources from $32.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $32.67.

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CNX Resources Trading Down 1.7%

NYSE:CNX opened at $36.15 on Tuesday. CNX Resources Corporation. has a 1 year low of $27.00 and a 1 year high of $41.93. The business has a fifty day moving average of $32.68 and a 200-day moving average of $31.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 61.27, a PEG ratio of 0.35 and a beta of 0.56.

CNX Resources (NYSE:CNX - Get Free Report) last announced its earnings results on Thursday, October 30th. The oil and gas producer reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.09. CNX Resources had a net margin of 9.70% and a return on equity of 8.93%. The firm had revenue of $423.00 million during the quarter, compared to analyst estimates of $408.80 million. The business's quarterly revenue was up 37.6% compared to the same quarter last year. Equities analysts predict that CNX Resources Corporation. will post 2.18 earnings per share for the current year.

CNX Resources 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.

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