Jump Financial LLC Purchases 336,683 Shares of CNX Resources Corporation. $CNX

Key Points

• Jump Financial LLC significantly increased its stake in CNX Resources Corporation by 1,945.1%, acquiring a total of 353,992 shares during the first quarter.
• Institutional investors and hedge funds own 95.16% of CNX Resources, indicating strong institutional interest in the company.
• Wall Street analysts have mixed ratings for CNX Resources, with one Buy, eight Hold, and seven Sell ratings, along with a consensus target price of $31.77.

Jump Financial LLC raised its position in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 1,945.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,992 shares of the oil and gas producer's stock after acquiring an additional 336,683 shares during the period. Jump Financial LLC owned approximately 0.24% of CNX Resources worth $11,144,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in CNX Resources by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 17,437 shares of the oil and gas producer's stock worth $548,000 after purchasing an additional 415 shares in the last quarter. Fox Run Management L.L.C. raised its position in CNX Resources by 2.7% in the first quarter. Fox Run Management L.L.C. now owns 16,317 shares of the oil and gas producer's stock worth $514,000 after purchasing an additional 432 shares in the last quarter. Pullen Investment Management LLC increased its holdings in shares of CNX Resources by 1.5% during the first quarter. Pullen Investment Management LLC now owns 32,633 shares of the oil and gas producer's stock worth $1,027,000 after buying an additional 482 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 buying an additional 508 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in shares of CNX Resources by 1.8% during the first quarter. SummerHaven Investment Management LLC now owns 30,284 shares of the oil and gas producer's stock valued at $953,000 after purchasing an additional 525 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CNX has been the topic of several research analyst reports. Piper Sandler decreased their price target on shares of CNX Resources from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Thursday, August 14th. Barclays began coverage on shares of CNX Resources in a research note on Monday, July 7th. They set an "equal weight" rating and a $33.00 price target on the stock. TD Cowen raised shares of CNX Resources to a "hold" rating in a research note on Monday, July 7th. Mizuho raised their price objective on shares of CNX Resources from $35.00 to $36.00 and gave the company an "underperform" rating in a research note on Tuesday, May 13th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $35.00 price objective (up from $33.00) on shares of CNX Resources in a research note on Friday, July 11th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, CNX Resources currently has an average rating of "Reduce" and an average price target of $31.77.

CNX Resources Stock Performance

Shares of CNX Resources stock traded up $0.19 during trading on Thursday, hitting $29.26. 1,043,493 shares of the stock were exchanged, compared to its average volume of 2,602,964. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 0.25 and a beta of 0.64. The company has a fifty day moving average price of $31.35 and a 200-day moving average price of $31.02. CNX Resources Corporation. has a 1-year low of $26.50 and a 1-year high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56.

CNX Resources Company 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.