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 stake in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,000 shares of the oil and gas producer's stock, valued at approximately $315,000.

Several other large investors have also bought and sold shares of the stock. State of Alaska Department of Revenue lifted its stake in CNX Resources by 2.4% during the 1st quarter. State of Alaska Department of Revenue now owns 17,437 shares of the oil and gas producer's stock valued at $548,000 after acquiring an additional 415 shares in the last quarter. Fox Run Management L.L.C. lifted its stake in CNX Resources by 2.7% during the 1st quarter. Fox Run Management L.L.C. now owns 16,317 shares of the oil and gas producer's stock valued at $514,000 after acquiring an additional 432 shares in the last quarter. Pullen Investment Management LLC lifted its stake in CNX Resources by 1.5% during the 1st quarter. Pullen Investment Management LLC now owns 32,633 shares of the oil and gas producer's stock valued at $1,027,000 after acquiring an additional 482 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in CNX Resources by 21.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer's stock valued at $93,000 after acquiring an additional 508 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in CNX Resources by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 30,284 shares of the oil and gas producer's stock valued at $953,000 after acquiring an additional 525 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CNX. Mizuho raised their price objective on CNX Resources from $35.00 to $36.00 and gave the company an "underperform" rating in a research note on Tuesday, May 13th. Piper Sandler dropped their price objective on CNX Resources from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Thursday, August 14th. Barclays assumed coverage on CNX Resources in a research note on Monday, July 7th. They set an "equal weight" rating and a $33.00 target price on the stock. TD Cowen upgraded CNX Resources to a "hold" rating in a research note on Monday, July 7th. Finally, Cowen reiterated a "hold" rating on shares of CNX Resources in a research note on Friday, April 25th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, CNX Resources currently has a consensus rating of "Reduce" and a consensus price target of $31.77.

CNX Resources Stock Performance

CNX traded up $0.2170 during trading hours on Friday, hitting $28.8670. The stock had a trading volume of 1,552,985 shares, compared to its average volume of 2,080,070. The company's fifty day simple moving average is $31.63 and its 200 day simple moving average is $31.02. CNX Resources Corporation. has a 1 year low of $26.50 and a 1 year high of $41.93. The stock has a market cap of $4.08 billion, a PE ratio of 48.93, a price-to-earnings-growth ratio of 0.25 and a beta of 0.64. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56.

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.