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 $123.72 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 Wednesday at a closing price of $20.08, with 4.28 million shares of worth about $85.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.55% during that period and On Wednesday, January 24 the price saw a gain of about 1.36%. Currently the company’s common shares owned by public are about 170.84M shares, out of which, 153.80M 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
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 57 times over the past 12 months. They bought 611,914 shares in 38 of the transactions. In 19 selling transactions, insiders dumped 243,214 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and SPDR S&P Oil & Gas Exploration & are the top 3 mutual funds which are holding stakes in CNX Resources Corp iShares Core S&P Mid Cap ETF is currently holding 4.83 million shares of worth totaling $96.53 million. The company recently came buying 4365.0 shares which brought its stake up to 3.04% of the company’s outstanding shares. Vanguard Total Stock Market ETF sold -0.23 million shares, after which its hold over company’s outstanding shares shrunk to 2.92%, leaving 4.63 million shares with the mutual fund that have a worth of about $92.65 million. SPDR S&P Oil & Gas Exploration &, after buying 4.36 million shares, have now control over 2.75% of the stake in the company. It holds 89452.0 shares of worth $87.28 million.
However, the stock later moved at a day high price of 20.19, or with a gain of 1.36%. Stock saw a price change of 3.35% in past 5 days and over the past one month there was a price change of -1.86%. Year-to-date (YTD), CNX shares are showing a performance of 0.40% which increased to 21.26% 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 2.70 million. The stock is currently trading -0.18% below its 20-day simple moving average (SMA20), while that difference is down -1.67% for SMA50 and it goes to 2.93% higher than SMA200.
Arrowstreet Capital LP acquired 6.19 million shares of CNX Resources Corp having value of about $123.72 million. CNX Resources Corp (NYSE: CNX) currently have 170.84M outstanding shares and institutions hold larger chunk of about 102.30% of that. Holding of mutual funds in the company is about 46.41% while other institutional holders and individual stake holders have control over 57.26% and 3.53% of the stake respectively.
The stock has a current market capitalization of $3.19B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 1.69, 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 1.91% while standing at 2.09% over the month.
Analysts are in expectations that CNX Resources Corp (CNX) stock would likely to be making an EPS of $CSX Corporation in the current quarter, while forecast for next quarter EPS is $34.39 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Canadian National Railway Compa which is $Clorox Company (The) 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 $Canadian Natural Resources Limi in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -46.93% while it is estimated to increase by 8.16% in next year.
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 BofA Securities on January 05, 2024 offering a Neutral rating for the stock and assigned a target price of $23 to it.
