Charles Schwab Investment Management Inc. Has $62.65 Million Position in CNX Resources Corporation. $CNX

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in CNX Resources by 0.5%, holding 1,990,249 shares valued at $62.65 million as of the latest SEC filing.
• CNX Resources currently has a consensus rating of "Hold," with eight analysts issuing sell ratings, eight assigning holds, and one giving a buy rating, and a target price consensus of $31.77.
• The company's stock recently traded at $28.81, with a market cap of $4.07 billion and a fifty-two week range of $26.43 to $41.93.

Charles Schwab Investment Management Inc. decreased its position in CNX Resources Corporation. (NYSE:CNX - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 about 1.38% of CNX Resources worth $62,653,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in CNX Resources by 4.4% during the first quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer's stock valued at $502,178,000 after buying an additional 665,289 shares during the period. Northern Trust Corp raised its stake in shares of CNX Resources by 20.5% during the 4th quarter. Northern Trust Corp now owns 2,421,387 shares of the oil and gas producer's stock worth $88,792,000 after purchasing an additional 411,485 shares in the last quarter. Woodline Partners LP bought a new position in shares of CNX Resources in the 4th quarter valued at approximately $71,971,000. Capital Research Global Investors grew its holdings in CNX Resources by 31.8% in the 4th quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer's stock valued at $53,172,000 after buying an additional 350,000 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in CNX Resources by 30.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,365,407 shares of the oil and gas producer's stock valued at $50,069,000 after buying an additional 322,203 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

CNX Resources Trading Up 0.1%

Shares of CNX Resources stock traded up $0.03 during trading on Tuesday, reaching $28.14. 308,564 shares of the company were exchanged, compared to its average volume of 2,645,857. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56. CNX Resources Corporation. has a twelve month low of $26.45 and a twelve month high of $41.93. The business has a 50-day moving average price of $31.93 and a 200-day moving average price of $31.05. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 47.70, a P/E/G ratio of 0.25 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Mizuho lifted their price objective on CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a report on Tuesday, May 13th. Barclays assumed coverage on CNX Resources in a research report on Monday, July 7th. They set an "equal weight" rating and a $33.00 target price for the company. Cowen reiterated a "hold" rating on shares of CNX Resources in a research report on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and issued a $35.00 price objective (up previously from $33.00) on shares of CNX Resources in a research report on Friday, July 11th. Finally, TD Cowen upgraded CNX Resources to a "hold" rating in a research report on Monday, July 7th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, CNX Resources has a consensus rating of "Reduce" and an average price target of $31.77.

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.