CNX Resources Corporation. (NYSE:CNX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,990,249 shares of the oil and gas producer's stock after selling 10,215 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.38% of CNX Resources worth $62,653,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CNX. Bessemer Group Inc. raised its position in CNX Resources by 131.5% during the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock worth $34,000 after buying an additional 526 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in CNX Resources during the 1st quarter worth $61,000. Sound Income Strategies LLC purchased a new position in CNX Resources during the 1st quarter worth $63,000. UMB Bank n.a. raised its position in CNX Resources by 59.7% during the 1st quarter. UMB Bank n.a. now owns 2,062 shares of the oil and gas producer's stock worth $65,000 after buying an additional 771 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new position in CNX Resources during the 4th quarter worth $88,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CNX shares. Barclays started coverage on shares of CNX Resources in a research report on Monday, July 7th. They set an "equal weight" rating and a $33.00 price objective for the company. TD Cowen upgraded shares of CNX Resources to a "hold" rating in a report on Monday, July 7th. Cowen reiterated a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Mizuho increased their price target on shares of CNX Resources from $35.00 to $36.00 and gave the company an "underperform" rating in a report on Tuesday, May 13th. Finally, Piper Sandler cut 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. Eight research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $31.77.

CNX Resources Price Performance

NYSE CNX traded up $0.09 during trading hours on Friday, reaching $28.81. The company's stock had a trading volume of 1,625,287 shares, compared to its average volume of 2,260,096. The stock has a market cap of $4.07 billion, a PE ratio of 48.83, a PEG 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 company's 50-day moving average is $32.01 and its two-hundred day moving average is $31.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33.

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.