After grabbing 6.19 million shares, the institutional investor is now in possession of 6.19 million shares of the Energy Company. The new investment brought the stake of investor firm to 3.89% having worth around $134.36 million. Moreover, D. E. Shaw & Co. LP increased its share by 4.36 million to have a control over 5.96 million shares. And Geode Capital Management LLC raised its holdings to 56175.0 shares by acquiring 3.35 million shares or 2.11% of the stake.
CNX Resources Corp (CNX) concluded trading on 12/07/23 at a closing price of $19.86, with 2.88 million shares of worth about $57.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.24% during that period and on Thursday the price saw a gain of about 0.56%. Currently the company’s common shares owned by public are about 170.84M shares, out of which, 153.92M shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 15 analysts are covering the CNX stock and their offered price forecasts bring an average price target of $23.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $27.00 and could fall to a lowest price of $18.00. The stock’s current price level is 13.65% above of average price target set by the analysts, while a rise to estimated low would result in loss of -10.33% for the stock. However, touching the estimated high of $27.00 would mean a gain of 26.44% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 80 times over the past 12 months. They bought 912,916 shares in 45 of the transactions. In 35 selling transactions, insiders dumped 377,270 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and DFA US Small Cap Value Portfolio are the top 3 mutual funds which are holding stakes in CNX Resources Corp iShares Core S&P Mid Cap ETF is currently holding 4.99 million shares of worth totaling $108.3 million. The company recently came buying 0.0 shares which brought its stake up to 3.14% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 6004.0 shares, after which its hold over company’s outstanding shares expand to 3.06%, leaving 4.86 million shares with the mutual fund that have a worth of about $105.49 million. DFA US Small Cap Value Portfolio, after selling 4.19 million shares, have now control over 2.64% of the stake in the company. It holds -0.11 million shares of worth $91.09 million.
CNX Resources Corp (NYSE: CNX) started trading at $19.76, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 19.96, or with a gain of 0.56%. Stock saw a price change of -4.79% in past 5 days and over the past one month there was a price change of -6.98%. Year-to-date (YTD), CNX shares are showing a performance of 17.93% which increased to 22.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.36 but also hit the highest price of $23.68 during that period. The average intraday trading volume for CNX Resources Corp shares is 2.53 million. The stock is currently trading -5.41% below its 20-day simple moving average (SMA20), while that difference is down -8.89% for SMA50 and it goes to 5.55% higher than SMA200.
Arrowstreet Capital LP acquired 6.19 million shares of CNX Resources Corp having value of about $134.36 million. CNX Resources Corp (NYSE: CNX) currently have 170.84M outstanding shares and institutions hold larger chunk of about 102.92% of that. Holding of mutual funds in the company is about 46.46% while other institutional holders and individual stake holders have control over 57.44% and 3.33% of the stake respectively.
The stock has a current market capitalization of $3.15B and its 3Y-monthly beta is at 1.32. PE ratio of stock for trailing 12 months is 1.68, while it has posted earnings per share of $11.85 in the same period. Its PEG reads 0.04 and has Quick Ratio of 0.28 while making debt-to-equity ratio of 0.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNX, volatility over the week remained 2.63% while standing at 2.58% over the month.
Analysts are in expectations that CNX Resources Corp (CNX) stock would likely to be making an EPS of $0.31 in the current quarter, while forecast for next quarter EPS is $0.55 and it is $1.9 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.43 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.64 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -47.10% while it is estimated to increase by 32.79% in next year.
Analysts at 15 brokerage firms have issued recommendations for the CNX Resources Corp (CNX)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.20. Out of those 15 Wall Street analysts, 2 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Truist on December 04, 2023 offering a Buy rating for the stock and assigned a target price range of between $20 and $27 to it.
