CNX Resources Corporation. (NYSE:CNX) Stock Holdings Boosted by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its stake in CNX Resources Corporation by 96.5% during the first quarter, owning 24,733 shares now valued at $779,000 after acquiring an additional 12,148 shares.
• The company has a market capitalization of $4.09 billion and has seen fluctuations in its stock price, with a twelve month low of $23.85 and a high of $41.93.
• Eight analysts have rated the stock with a sell rating, eight with a hold rating, and one with a buy rating, indicating a consensus price target of $31.92.

Arkadios Wealth Advisors lifted its stake in CNX Resources Corporation. (NYSE:CNX - Free Report) by 96.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,733 shares of the oil and gas producer's stock after buying an additional 12,148 shares during the period. Arkadios Wealth Advisors' holdings in CNX Resources were worth $779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of CNX Resources by 131.5% in the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock worth $34,000 after acquiring an additional 526 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in CNX Resources during the first quarter valued at approximately $61,000. Sound Income Strategies LLC acquired a new stake in CNX Resources during the first quarter valued at approximately $63,000. UMB Bank n.a. raised its stake in CNX Resources by 59.7% during the first quarter. UMB Bank n.a. now owns 2,062 shares of the oil and gas producer's stock valued at $65,000 after buying an additional 771 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in CNX Resources during the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

CNX Resources Stock Performance

CNX stock traded up $0.06 on Friday, reaching $29.12. The company's stock had a trading volume of 690,857 shares, compared to its average volume of 2,703,042. CNX Resources Corporation. has a 52 week low of $25.68 and a 52 week high of $41.93. The company has a market capitalization of $4.12 billion, a P/E ratio of 49.40, a price-to-earnings-growth ratio of 0.29 and a beta of 0.64. The firm has a fifty day moving average of $32.35 and a two-hundred day moving average of $30.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler upped their price objective on CNX Resources from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Friday, August 1st. TD Cowen upgraded CNX Resources to a "hold" rating in a research note on Monday, July 7th. Scotiabank restated a "sector perform" rating and set a $35.00 price objective (up previously from $33.00) on shares of CNX Resources in a research note on Friday, July 11th. Mizuho upped 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. Finally, Barclays assumed 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. Eight research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $31.92.

Insider Transactions at CNX Resources

In other news, Director J. Palmer Clarkson purchased 10,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $31.20 per share, with a total value of $312,000.00. Following the purchase, the director owned 245,433 shares in the company, valued at $7,657,509.60. This trade represents a 4.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by company insiders.

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.