Aigen Investment Management LP Makes New Investment in CNX Resources Corporation. (NYSE:CNX)

Key Points

• Aigen Investment Management LP purchased 12,291 shares of CNX Resources Corporation, valued at approximately $387,000, during the 1st quarter of the year.
• Research analysts have given CNX Resources a consensus rating of "Hold" with an average target price of $31.92, highlighting mixed reviews with various price objectives.
• CNX Resources has a market cap of $4.08 billion and currently trades with a price-to-earnings ratio of 48.90, reflecting high expectations for future growth.

Aigen Investment Management LP bought a new position in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,291 shares of the oil and gas producer's stock, valued at approximately $387,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in CNX Resources by 4.4% during the first quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer's stock worth $502,178,000 after purchasing an additional 665,289 shares during the last quarter. Northern Trust Corp lifted its stake in CNX Resources by 20.5% during the fourth 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 last quarter. Woodline Partners LP bought a new stake in CNX Resources during the fourth quarter worth $71,971,000. Capital Research Global Investors lifted its stake in CNX Resources by 31.8% during the fourth quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer's stock worth $53,172,000 after purchasing an additional 350,000 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of CNX Resources by 30.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,365,407 shares of the oil and gas producer's stock worth $50,069,000 after buying an additional 322,203 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

CNX Resources Trading Up 0.3%

NYSE CNX traded up $0.09 on Friday, reaching $28.81. The company had a trading volume of 1,625,287 shares, compared to its average volume of 2,260,096. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 48.83, a P/E/G ratio of 0.25 and a beta of 0.64. CNX Resources Corporation. has a fifty-two week low of $26.43 and a fifty-two week high of $41.93. The business has a 50 day moving average of $32.01 and a two-hundred day moving average of $31.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CNX shares. Piper Sandler lowered their price target on shares of CNX Resources from $26.00 to $24.00 and set an "underweight" rating for the company in a report on Thursday. Barclays started coverage on shares of CNX Resources in a report on Monday, July 7th. They set an "equal weight" rating and a $33.00 price target for the company. TD Cowen upgraded shares of CNX Resources to a "hold" rating in a report on Monday, July 7th. Scotiabank reiterated a "sector perform" rating and set a $35.00 price target (up from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Finally, Cowen reiterated a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $31.77.

CNX Resources 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.