AlphaQuest LLC expanded its position in CNX Resources during the third quarter, acquiring an additional 61,936 shares to hold a total of 63,022 shares valued at approximately 2.024 million dollars. Other prominent investors also boosted exposure: Mackenzie Financial Corp added 545,114 shares to reach 555,473 shares worth 18.7 million dollars; AQR Capital Management increased its stake by 532,770 shares to 1,007,486 shares (33.9 million dollars); HRT Financial LP purchased 208,758 shares for a total holding of 306,803 shares (10.3 million dollars); Adage Capital Partners GP L.L.C. added 200,000 shares to reach 1.4 million shares (47.2 million dollars); and Schroder Investment Management Group acquired 189,428 shares for a total of 347,645 shares (11.7 million dollars). Institutional and hedge fund ownership now represents 95.16% of shares outstanding.

In its fourth quarter report, the company delivered earnings per share of 1.28, outperforming consensus estimates by 0.94, on revenue of 610.5 million dollars versus expectations of 422.7 million dollars. Net margin reached 28.3% and return on equity stood at 9.3%, while production grew 7.3% year-over-year. Sell-side analysts have issued mixed views: one Buy rating, eight Hold ratings and five Sell ratings translate into a consensus recommendation of "Reduce" with an average target price of 35.90 dollars. Equities research firms have recently adjusted their targets to 43.00, 35.00, 35.00 and 32.00 dollars with ratings ranging from Neutral to Underweight.