TLP Group LLC Has $517,000 Holdings in CNX Resources Corp (CNX)

TLP Group LLC raised its stake in CNX Resources Corp (NYSE:CNX) by 3,890.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,523 shares of the oil and gas producer’s stock after purchasing an additional 32,683 shares during the period. CNX Resources accounts for approximately 0.4% of TLP Group LLC’s investment portfolio, making the stock its 23rd largest holding. TLP Group LLC’s holdings in CNX Resources were worth $517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jane Street Group LLC grew its stake in CNX Resources by 39.1% in the fourth quarter. Jane Street Group LLC now owns 16,923 shares of the oil and gas producer’s stock valued at $248,000 after purchasing an additional 4,753 shares during the last quarter. American International Group Inc. grew its stake in CNX Resources by 1.3% in the fourth quarter. American International Group Inc. now owns 428,922 shares of the oil and gas producer’s stock valued at $6,275,000 after purchasing an additional 5,354 shares during the last quarter. ING Groep NV grew its stake in shares of CNX Resources by 23.2% during the fourth quarter. ING Groep NV now owns 31,249 shares of the oil and gas producer’s stock worth $457,000 after acquiring an additional 5,892 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of CNX Resources by 61.8% during the first quarter. Commonwealth Equity Services LLC now owns 16,253 shares of the oil and gas producer’s stock worth $250,000 after acquiring an additional 6,205 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. grew its stake in shares of CNX Resources by 13.4% during the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 52,559 shares of the oil and gas producer’s stock worth $769,000 after acquiring an additional 6,225 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Shares of CNX Resources traded up $0.05, reaching $17.08, on Thursday, MarketBeat.com reports. 7,990 shares of the stock were exchanged, compared to its average volume of 3,573,813. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.44. CNX Resources Corp has a twelve month low of $11.29 and a twelve month high of $18.08. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of -106.44 and a beta of 1.27.

CNX Resources (NYSE:CNX) last released its earnings results on Thursday, May 3rd. The oil and gas producer reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. CNX Resources had a return on equity of 1.36% and a net margin of 37.74%. The firm had revenue of $496.00 million during the quarter, compared to the consensus estimate of $408.68 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue was up 55.0% compared to the same quarter last year. research analysts anticipate that CNX Resources Corp will post 0.61 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on CNX shares. Tudor Pickering upgraded CNX Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. ValuEngine upgraded CNX Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, May 4th. Zacks Investment Research upgraded CNX Resources from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. Finally, Stifel Nicolaus started coverage on CNX Resources in a research note on Tuesday, May 22nd. They set a “hold” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.50.

About CNX Resources

CNX Resources Corporation, an independent oil and natural gas company, explores for, develops, and produces natural gas in the Appalachian Basin. As of December 31, 2017, it had 7.6 trillion cubic feet equivalent of proved natural gas reserves. The company also owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia.

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

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