10,000 Shares in CNX Resources Corporation. $CNX Purchased by Corient IA LLC

Key Points

• Corient IA LLC has acquired 10,000 shares of CNX Resources Corporation, valued at approximately $315,000, indicating growing interest in the oil and gas producer during the first quarter.
• Institutional ownership of CNX Resources is significant, with 95.16% of the stock held by institutional investors and hedge funds, reflecting strong institutional confidence in the company.
• Analyst ratings for CNX Resources show mixed feedback, with an average rating of "Hold" and a target price of $31.77, amid several changes in price targets from various analysts.

Corient IA LLC acquired a new position in CNX Resources Corporation. (NYSE:CNX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the oil and gas producer's stock, valued at approximately $315,000.

Several other institutional investors also recently bought and sold shares of CNX. Fox Run Management L.L.C. grew its holdings in shares of CNX Resources by 2.7% during the first quarter. Fox Run Management L.L.C. now owns 16,317 shares of the oil and gas producer's stock worth $514,000 after buying an additional 432 shares in the last quarter. Russell Investments Group Ltd. boosted its position in CNX Resources by 4.6% during the first quarter. Russell Investments Group Ltd. now owns 72,022 shares of the oil and gas producer's stock worth $2,268,000 after acquiring an additional 3,171 shares during the last quarter. HighTower Advisors LLC grew its stake in CNX Resources by 59.7% during the 1st quarter. HighTower Advisors LLC now owns 46,592 shares of the oil and gas producer's stock valued at $1,467,000 after acquiring an additional 17,424 shares in the last quarter. Nuveen LLC acquired a new stake in CNX Resources in the 1st quarter valued at about $35,567,000. Finally, Aigen Investment Management LP purchased a new position in CNX Resources in the 1st quarter worth approximately $387,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNX has been the subject of a number of analyst reports. Cowen restated a "hold" rating on shares of CNX Resources in a research report on Friday, April 25th. Barclays started coverage on CNX Resources in a research note on Monday, July 7th. They set an "equal weight" rating and a $33.00 price objective on the stock. Mizuho raised their target price on CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 13th. TD Cowen raised shares of CNX Resources to a "hold" rating in a research report on Monday, July 7th. Finally, Scotiabank reissued a "sector perform" rating and issued a $35.00 price objective (up previously from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Eight investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $31.77.

CNX Resources Price Performance

CNX Resources stock opened at $28.81 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 0.25 and a beta of 0.64. The company's 50 day simple moving average is $32.01 and its 200-day simple moving average is $31.04. CNX Resources Corporation. has a 1 year low of $26.43 and a 1 year high of $41.93.

CNX Resources Company Profile

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.

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