CNX Resources Corporation. $CNX Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has reduced its stake in CNX Resources Corporation by 4.2%, holding 9,385,721 shares valued at approximately $295.46 million as of its latest SEC filing.
• Institutional investors and hedge funds collectively own 95.16% of CNX Resources' stock, highlighting significant interest from these entities in the company.
• Analyst ratings for CNX Resources show mixed perspectives, with an average rating of "Hold" and a consensus target price of $31.77.

Dimensional Fund Advisors LP lessened its holdings in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,385,721 shares of the oil and gas producer's stock after selling 414,646 shares during the period. Dimensional Fund Advisors LP owned about 6.49% of CNX Resources worth $295,463,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CNX. Raymond James Financial Inc. purchased a new position in shares of CNX Resources during the fourth quarter valued at approximately $14,268,000. First Trust Advisors LP boosted its position in shares of CNX Resources by 12.0% during the fourth quarter. First Trust Advisors LP now owns 645,591 shares of the oil and gas producer's stock valued at $23,674,000 after buying an additional 69,280 shares during the period. Capital Research Global Investors boosted its position in shares of CNX Resources by 31.8% during the fourth 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 period. MetLife Investment Management LLC boosted its position in shares of CNX Resources by 5.5% during the fourth quarter. MetLife Investment Management LLC now owns 168,910 shares of the oil and gas producer's stock valued at $6,194,000 after buying an additional 8,875 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of CNX Resources by 254.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 26,105 shares of the oil and gas producer's stock valued at $957,000 after buying an additional 18,733 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CNX. Mizuho boosted 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. Piper Sandler lowered their price target on CNX Resources from $26.00 to $24.00 and set an "underweight" rating for the company in a report on Thursday, August 14th. TD Cowen upgraded 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. Finally, Barclays began coverage on CNX Resources in a report on Monday, July 7th. They issued an "equal weight" rating and a $33.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $31.77.

CNX Resources Stock Up 0.4%

NYSE:CNX traded up $0.1150 during trading hours on Tuesday, reaching $28.2250. The company's stock had a trading volume of 1,802,743 shares, compared to its average volume of 2,237,095. The company has a market capitalization of $3.99 billion, a P/E ratio of 47.84, a price-to-earnings-growth ratio of 0.24 and a beta of 0.64. CNX Resources Corporation. has a 12 month low of $26.45 and a 12 month high of $41.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. The stock has a 50 day moving average price of $31.85 and a two-hundred day moving average price of $31.03.

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.