SG Americas Securities LLC Invests $667,000 in CNX Resources Corporation. (NYSE:CNX)

SG Americas Securities LLC purchased a new position in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,176 shares of the oil and gas producer's stock, valued at approximately $667,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new position in shares of CNX Resources in the 1st quarter worth approximately $61,000. Farther Finance Advisors LLC grew its stake in shares of CNX Resources by 21.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer's stock worth $93,000 after purchasing an additional 508 shares during the last quarter. UMB Bank n.a. grew its stake in shares of CNX Resources by 59.7% in the 1st quarter. UMB Bank n.a. now owns 2,062 shares of the oil and gas producer's stock worth $65,000 after purchasing an additional 771 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of CNX Resources by 3,220.4% in the 1st quarter. GAMMA Investing LLC now owns 106,119 shares of the oil and gas producer's stock worth $3,371,000 after purchasing an additional 102,923 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of CNX Resources in the 4th quarter worth approximately $146,000. 95.16% of the stock is currently owned by institutional investors.

CNX Resources Stock Up 0.1%

CNX traded up $0.02 on Friday, reaching $34.39. 3,425,579 shares of the company traded hands, compared to its average volume of 2,612,902. The stock's 50 day moving average price is $31.52 and its 200-day moving average price is $31.53. CNX Resources Corporation. has a 52-week low of $23.71 and a 52-week high of $41.93. The company has a market cap of $4.98 billion, a price-to-earnings ratio of -16.69, a PEG ratio of 0.32 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.27 and a quick ratio of 0.25.

Insider Buying and Selling at CNX Resources

In other CNX Resources news, Director J. Palmer Clarkson bought 10,000 shares of CNX Resources stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $31.20 per share, for a total transaction of $312,000.00. Following the completion of the purchase, the director now directly owns 245,433 shares of the company's stock, valued at $7,657,509.60. The trade was a 4.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CNX shares. JPMorgan Chase & Co. lifted their price objective on shares of CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday, March 13th. Scotiabank raised shares of CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 target price on the stock in a research report on Friday, April 11th. Stephens raised shares of CNX Resources from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $48.00 in a research report on Tuesday, March 18th. Mizuho lifted their target price on shares of CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 13th. Finally, Piper Sandler lifted their target price on shares of CNX Resources from $21.00 to $25.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 13th. Eight research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.58.

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.