Bridges Investment Management Inc. Has $1.41 Million Stock Position in CNX Resources Corporation. (NYSE:CNX)

Bridges Investment Management Inc. boosted its stake in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 111.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,673 shares of the oil and gas producer's stock after buying an additional 23,531 shares during the quarter. Bridges Investment Management Inc.'s holdings in CNX Resources were worth $1,406,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNX. Allspring Global Investments Holdings LLC bought a new stake in shares of CNX Resources in the 1st quarter valued at about $718,000. Farther Finance Advisors LLC raised its position in CNX Resources by 21.0% during the first quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer's stock worth $93,000 after acquiring an additional 508 shares during the period. KBC Group NV grew its holdings in shares of CNX Resources by 25.0% during the first quarter. KBC Group NV now owns 7,768 shares of the oil and gas producer's stock worth $245,000 after buying an additional 1,552 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of CNX Resources during the fourth quarter worth $1,429,000. Finally, SG Americas Securities LLC purchased a new stake in shares of CNX Resources during the first quarter worth $667,000. Institutional investors own 95.16% of the company's stock.

Insider Buying and Selling at CNX Resources

In related news, Director J. Palmer Clarkson acquired 10,000 shares of CNX Resources stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $31.20 per share, for a total transaction of $312,000.00. Following the transaction, the director directly owned 245,433 shares of the company's stock, valued at $7,657,509.60. This trade represents a 4.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company's stock.

CNX Resources Stock Up 0.8%

CNX stock traded up $0.27 during midday trading on Friday, hitting $33.60. 314,435 shares of the company's stock were exchanged, compared to its average volume of 2,718,863. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 0.63. CNX Resources Corporation. has a 12-month low of $23.85 and a 12-month high of $41.93. The firm has a 50 day moving average price of $32.36 and a 200-day moving average price of $31.19. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of -16.31, a price-to-earnings-growth ratio of 0.32 and a beta of 0.66.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CNX. Bank of America dropped their target price on shares of CNX Resources from $32.00 to $27.00 and set an "underperform" rating for the company in a report on Tuesday, April 1st. Cowen reiterated a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Scotiabank increased their target price on shares of CNX Resources from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, March 13th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $31.00 target price on shares of CNX Resources in a report on Tuesday, April 15th. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, CNX Resources presently has an average rating of "Hold" and an average target price of $31.85.

About CNX Resources

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.