Edgestream Partners L.P. Has $1.95 Million Holdings in CNX Resources Corporation. (NYSE:CNX)

Edgestream Partners L.P. trimmed its stake in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 45.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,003 shares of the oil and gas producer's stock after selling 52,623 shares during the period. Edgestream Partners L.P.'s holdings in CNX Resources were worth $1,952,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. raised its stake in CNX Resources by 131.5% in the fourth 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 in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in CNX Resources during the fourth quarter worth about $39,000. VSM Wealth Advisory LLC acquired a new position in shares of CNX Resources in the fourth quarter valued at approximately $55,000. Harbor Capital Advisors Inc. acquired a new stake in shares of CNX Resources in the 1st quarter worth $61,000. Finally, Sound Income Strategies LLC purchased a new position in shares of CNX Resources during the first quarter valued at approximately $63,000. Institutional investors and hedge funds own 95.16% of the company's stock.

CNX Resources Stock Performance

CNX Resources stock traded down $1.78 during midday trading on Monday, hitting $32.41. 2,325,814 shares of the company's stock were exchanged, compared to its average volume of 2,591,503. CNX Resources Corporation. has a 12-month low of $23.85 and a 12-month high of $41.93. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of -15.73, a price-to-earnings-growth ratio of 0.34 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.25 and a current ratio of 0.27. The firm's 50 day simple moving average is $32.74 and its 200 day simple moving average is $31.00.

Insider Activity at CNX Resources

In other CNX Resources news, Director J. Palmer Clarkson purchased 10,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $31.20 per share, with a total value of $312,000.00. Following the completion of the purchase, the director owned 245,433 shares in the company, valued at $7,657,509.60. This represents a 4.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CNX has been the subject of several recent analyst reports. Cowen reissued a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Morgan Stanley reissued an "underweight" rating and set a $31.00 price objective on shares of CNX Resources in a report on Tuesday, April 15th. TD Cowen upgraded CNX Resources to a "hold" rating in a research report on Monday, July 7th. Bank of America reduced their price target on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. Finally, Piper Sandler lifted their price target on CNX Resources from $21.00 to $25.00 and gave the company an "underweight" rating in a research note on Tuesday, May 13th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $31.85.

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.