Ensign Peak Advisors Inc Has $1.25 Million Stock Position in CNX Resources Co. (NYSE:CNX)

Ensign Peak Advisors Inc reduced its position in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 45.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,128 shares of the oil and gas producer's stock after selling 28,125 shares during the quarter. Ensign Peak Advisors Inc's holdings in CNX Resources were worth $1,251,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CNX. Congress Asset Management Co. lifted its position in CNX Resources by 7.2% during the fourth quarter. Congress Asset Management Co. now owns 266,447 shares of the oil and gas producer's stock worth $9,771,000 after acquiring an additional 17,951 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in CNX Resources during the 4th quarter worth approximately $1,556,000. Charles Schwab Investment Management Inc. lifted its holdings in CNX Resources by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer's stock worth $73,357,000 after purchasing an additional 139,647 shares during the last quarter. Wakefield Asset Management LLLP acquired a new position in CNX Resources in the 4th quarter valued at $1,047,000. Finally, Assetmark Inc. lifted its holdings in shares of CNX Resources by 2.2% during the fourth quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer's stock worth $32,469,000 after buying an additional 19,309 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

CNX has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an "underweight" rating and set a $31.00 price target on shares of CNX Resources in a research report on Tuesday, April 15th. StockNews.com downgraded CNX Resources from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. Raymond James raised CNX Resources from an "underperform" rating to a "market perform" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price target on CNX Resources from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, March 13th. Finally, Mizuho increased their price objective on shares of CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 13th. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, CNX Resources has a consensus rating of "Hold" and a consensus target price of $31.58.

CNX Resources Trading Down 0.6%

NYSE:CNX traded down $0.19 during mid-day trading on Tuesday, hitting $32.27. 1,665,708 shares of the company's stock were exchanged, compared to its average volume of 2,666,617. CNX Resources Co. has a fifty-two week low of $23.63 and a fifty-two week high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $4.67 billion, a P/E ratio of -47.46, a PEG ratio of 0.42 and a beta of 0.62. The company has a 50 day simple moving average of $30.76 and a 200-day simple moving average of $32.60.

Insider Buying and Selling at CNX Resources

In other news, Director J. Palmer Clarkson acquired 10,000 shares of CNX Resources stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $31.20 per share, with a total value of $312,000.00. Following the purchase, the director now owns 245,433 shares in the company, valued at $7,657,509.60. This trade represents a 4.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company's stock.

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.