CNX Resources Corp (NYSE:CNX) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY trimmed its position in shares of CNX Resources Corp (NYSE:CNX) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,613 shares of the oil and gas producer’s stock after selling 1,594 shares during the period. Metropolitan Life Insurance Co NY’s holdings in CNX Resources were worth $609,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CNX. Cambridge Investment Research Advisors Inc. purchased a new stake in CNX Resources in the 1st quarter valued at about $452,000. Millennium Management LLC boosted its position in CNX Resources by 25.6% in the 4th quarter. Millennium Management LLC now owns 4,314,333 shares of the oil and gas producer’s stock valued at $49,270,000 after buying an additional 878,654 shares during the period. Norges Bank purchased a new stake in CNX Resources in the 4th quarter valued at about $41,498,000. SG Americas Securities LLC boosted its position in CNX Resources by 11.0% in the 4th quarter. SG Americas Securities LLC now owns 31,557 shares of the oil and gas producer’s stock valued at $360,000 after buying an additional 3,131 shares during the period. Finally, Tibra Equities Europe Ltd purchased a new stake in CNX Resources in the 4th quarter valued at about $313,000. Institutional investors own 95.94% of the company’s stock.

CNX Resources stock traded up $0.23 during trading hours on Friday, hitting $7.14. The company had a trading volume of 2,653,694 shares, compared to its average volume of 4,840,926. The business’s 50-day simple moving average is $7.34. CNX Resources Corp has a 1 year low of $6.78 and a 1 year high of $17.39. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 4.67 and a beta of 0.71. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 0.62.

CNX Resources (NYSE:CNX) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). CNX Resources had a return on equity of 5.66% and a net margin of 12.00%. The business had revenue of $278.40 million during the quarter, compared to analysts’ expectations of $408.29 million. During the same period in the previous year, the company posted $0.19 EPS. CNX Resources’s revenue for the quarter was down 43.8% on a year-over-year basis. Research analysts forecast that CNX Resources Corp will post 0.61 EPS for the current fiscal year.

In other news, Director J. Palmer Clarkson acquired 10,000 shares of CNX Resources stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $7.50 per share, for a total transaction of $75,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bernard Lanigan, Jr. acquired 198,000 shares of CNX Resources stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average price of $7.56 per share, with a total value of $1,496,880.00. The disclosure for this purchase can be found here. Insiders bought a total of 297,550 shares of company stock valued at $2,211,382 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Separately, Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. CNX Resources has an average rating of “Hold” and an average target price of $13.40.

CNX Resources Company Profile

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.

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

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