CNX Resources Co. (NYSE:CNX) Holdings Trimmed by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its stake in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 655,147 shares of the oil and gas producer's stock after selling 389,240 shares during the period. Ameriprise Financial Inc. owned about 0.44% of CNX Resources worth $24,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in CNX Resources in the 4th quarter valued at approximately $37,923,000. Northern Trust Corp boosted its stake in CNX Resources by 20.5% in the 4th quarter. Northern Trust Corp now owns 2,421,387 shares of the oil and gas producer's stock worth $88,792,000 after purchasing an additional 411,485 shares during the period. Raymond James Financial Inc. acquired a new position in shares of CNX Resources during the 4th quarter worth about $14,268,000. Bridgewater Associates LP acquired a new stake in shares of CNX Resources in the fourth quarter valued at approximately $13,430,000. Finally, Capital Research Global Investors boosted its stake in CNX Resources by 31.8% in the 4th quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer's stock valued at $53,172,000 after purchasing an additional 350,000 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Buying and Selling

In other news, Director J. Palmer Clarkson acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $31.20 per share, with a total value of $312,000.00. Following the purchase, the director now directly owns 245,433 shares of the company's stock, valued at approximately $7,657,509.60. This trade represents a 4.25% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.10% of the company's stock.

Analyst Ratings Changes

CNX has been the topic of several recent research reports. Cowen reiterated a "hold" rating on shares of CNX Resources in a research report on Friday, April 25th. Mizuho boosted their price target on shares of CNX Resources from $35.00 to $36.00 and gave the company an "underperform" rating in a research report on Tuesday, May 13th. Morgan Stanley reiterated an "underweight" rating and issued a $31.00 target price on shares of CNX Resources in a research report on Tuesday, April 15th. Roth Capital set a $30.00 price target on CNX Resources in a research report on Thursday, January 23rd. Finally, Stephens upgraded CNX Resources from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $35.00 to $48.00 in a research report on Tuesday, March 18th. Eight analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $31.58.

CNX Resources Stock Performance

CNX traded down $0.06 on Tuesday, reaching $32.40. The company had a trading volume of 119,035 shares, compared to its average volume of 2,660,781. CNX Resources Co. has a 1 year low of $23.63 and a 1 year high of $41.93. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.69 billion, a PE ratio of -47.55, a P/E/G ratio of 0.42 and a beta of 0.62. The stock has a 50-day moving average price of $30.76 and a 200-day moving average price of $32.60.

About CNX Resources

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.