Capital Management Corp VA Has $12.96 Million Position in CNX Resources Corporation. $CNX

Key Points

• Capital Management Corp VA trimmed its position in CNX Resources (NYSE:CNX) by 10.5% in Q4 to 352,323 shares worth about $12.96 million, representing roughly 2.1% of the firm's portfolio and ~0.26% of CNX.
• CNX posted a strong Q1 beat—EPS of $1.28 vs. $0.34 expected and revenue of $610.5M vs. $422.7M expected, with revenue up ~347% year‑over‑year.
• Near‑term headwinds include the conversion of roughly 12 million convertible shares (dilution), recent insider sales, and analyst downgrades, which have contributed to recent downward pressure on the stock.

Capital Management Corp VA reduced its position in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 352,323 shares of the oil and gas producer's stock after selling 41,348 shares during the quarter. CNX Resources accounts for 2.1% of Capital Management Corp VA's investment portfolio, making the stock its 21st biggest holding. Capital Management Corp VA owned about 0.26% of CNX Resources worth $12,955,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CNX. State of Wyoming acquired a new position in shares of CNX Resources in the second quarter worth $29,000. Caitlin John LLC acquired a new position in shares of CNX Resources in the third quarter worth $31,000. EverSource Wealth Advisors LLC increased its stake in shares of CNX Resources by 393.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,925 shares of the oil and gas producer's stock worth $65,000 after acquiring an additional 1,535 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of CNX Resources by 462.7% in the third quarter. Hantz Financial Services Inc. now owns 2,954 shares of the oil and gas producer's stock worth $95,000 after acquiring an additional 2,429 shares during the last quarter. Finally, Vestcor Inc acquired a new position in shares of CNX Resources in the third quarter worth $108,000. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Trading Down 2.6%

Shares of NYSE:CNX opened at $37.88 on Friday. The stock has a market capitalization of $5.39 billion, a PE ratio of 5.26, a P/E/G ratio of 0.41 and a beta of 0.64. CNX Resources Corporation. has a 1 year low of $27.72 and a 1 year high of $43.62. The firm has a fifty day moving average price of $39.84 and a 200 day moving average price of $37.89. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.47.

CNX Resources (NYSE:CNX - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The oil and gas producer reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.94. The firm had revenue of $610.48 million during the quarter, compared to analysts' expectations of $422.65 million. CNX Resources had a net margin of 40.06% and a return on equity of 10.65%. CNX Resources's revenue for the quarter was up 347.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.97) earnings per share. Analysts expect that CNX Resources Corporation. will post 2.69 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Bernard Lanigan, Jr. sold 46,119 shares of the company's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $40.60, for a total value of $1,872,431.40. Following the completion of the sale, the director directly owned 177,180 shares in the company, valued at approximately $7,193,508. This represents a 20.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Maureen Lally-Green sold 23,631 shares of the company's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $39.52, for a total transaction of $933,897.12. Following the completion of the sale, the director owned 169,577 shares of the company's stock, valued at $6,701,683.04. This represents a 12.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.03% of the company's stock.

CNX Resources News Roundup

Here are the key news stories impacting CNX Resources this week:

• Positive Sentiment: Q1 results beat expectations — CNX reported stronger-than-expected earnings and rising production/pricing, with revenue and EPS topping estimates, supporting core cash flow and the company’s operational story. CNX Resources Q1 Earnings Surpass Estimates
• Positive Sentiment: Analyst/deep-dive coverage highlights demand and infrastructure tailwinds that supported CNX’s quarter and longer-term thesis, helping justify bullish forecasts from some houses. CNX Q1 deep dive
• Neutral Sentiment: Company filed its formal Q1 release and call materials (slides/transcript available) — useful for modeling but largely reiterates the beats and guidance commentary. CNX Reports First Quarter Results
• Negative Sentiment: Convertible converts into roughly ~12 million shares this week — immediate dilution increases share count and is a primary reason for downward pressure. Convertible converts into ~12 million shares
• Negative Sentiment: CNX delayed a fuller Utica update to late‑2026/early‑2027 — postpones clarity on resource upside and growth timing, increasing short-term uncertainty. Granite lifts 2026 outlook as CNX delays Utica update
• Negative Sentiment: Macro headwind: a Reuters piece notes a U.S. regional gas glut while Asia/Europe compete for LNG — excess domestic supply can depress realized prices for U.S. producers. While Asia and Europe scramble for natural gas, the US glut has nowhere to go
• Negative Sentiment: Zacks downgraded CNX from "strong-buy" to "hold," signaling reduced analyst enthusiasm that can weigh on short-term flows. Zacks downgrade

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CNX. Zacks Research downgraded shares of CNX Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 28th. Barclays upped their price target on shares of CNX Resources from $35.00 to $36.00 and gave the stock an "underweight" rating in a research note on Monday, March 16th. Roth Mkm set a $35.00 price target on shares of CNX Resources and gave the stock a "neutral" rating in a research note on Thursday, January 29th. Piper Sandler set a $26.00 price target on shares of CNX Resources in a research note on Monday, February 2nd. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $44.00 price target on shares of CNX Resources in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $35.67.

About CNX Resources

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.

Want to see what other hedge funds are holding CNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNX Resources Corporation. (NYSE:CNX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.