CNX Resources Corporation. $CNX Stake Raised by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in CNX Resources Corporation by 191.9% during the first quarter, owning 39,271 shares valued at $1.236 million.
• Institutional investors collectively own 95.16% of CNX Resources' stock, with multiple hedge funds making significant investments in the company recently.
• Analysts have varying ratings on CNX Resources, with one Buy, eight Hold, and seven Sell ratings, reflecting a consensus rating of "Reduce" and an average price target of $31.77.

Dynamic Technology Lab Private Ltd grew its holdings in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 191.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,271 shares of the oil and gas producer's stock after buying an additional 25,817 shares during the period. Dynamic Technology Lab Private Ltd's holdings in CNX Resources were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of CNX Resources during the first quarter valued at approximately $61,000. Sound Income Strategies LLC bought a new stake in shares of CNX Resources during the first quarter valued at approximately $63,000. UMB Bank n.a. raised its holdings in shares of CNX Resources by 59.7% during the first quarter. UMB Bank n.a. now owns 2,062 shares of the oil and gas producer's stock valued at $65,000 after buying an additional 771 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of CNX Resources during the fourth quarter valued at approximately $88,000. Finally, Farther Finance Advisors LLC raised 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 valued at $93,000 after buying an additional 508 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Wall Street Analyst Weigh In

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

CNX Resources Price Performance

NYSE CNX opened at $29.51 on Monday. The stock has a market capitalization of $4.17 billion, a P/E ratio of 50.01, a P/E/G ratio of 0.26 and a beta of 0.60. CNX Resources Corporation. has a 1 year low of $26.50 and a 1 year high of $41.93. The business's fifty day moving average is $30.70 and its two-hundred day moving average is $30.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33.

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.

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