CNX Resources Corporation. (NYSE:CNX) Shares Sold by Edgestream Partners L.P.

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. Significant Wealth Partners LLC grew its holdings in CNX Resources by 26.1% in the first quarter. Significant Wealth Partners LLC now owns 9,798 shares of the oil and gas producer's stock worth $308,000 after purchasing an additional 2,028 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in shares of CNX Resources by 11.9% during the first quarter. Leavell Investment Management Inc. now owns 8,578 shares of the oil and gas producer's stock worth $270,000 after buying an additional 912 shares during the period. Bridges Investment Management Inc. lifted its stake in shares of CNX Resources by 111.3% during the first quarter. Bridges Investment Management Inc. now owns 44,673 shares of the oil and gas producer's stock worth $1,406,000 after buying an additional 23,531 shares during the period. M&T Bank Corp lifted its stake in shares of CNX Resources by 38.8% during the first quarter. M&T Bank Corp now owns 17,638 shares of the oil and gas producer's stock worth $556,000 after buying an additional 4,933 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of CNX Resources by 2.9% during the first quarter. Envestnet Asset Management Inc. now owns 109,425 shares of the oil and gas producer's stock worth $3,445,000 after buying an additional 3,128 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

CNX Resources Trading Up 0.5%

NYSE:CNX traded up $0.16 on Friday, hitting $34.24. The stock had a trading volume of 1,862,609 shares, compared to its average volume of 2,592,570. The company has a quick ratio of 0.25, a current ratio of 0.27 and a debt-to-equity ratio of 0.63. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of -16.62, a PEG ratio of 0.34 and a beta of 0.66. The company has a fifty day moving average price of $32.74 and a two-hundred day moving average price of $31.05. CNX Resources Corporation. has a 1-year low of $23.85 and a 1-year high of $41.93.

Analysts Set New Price Targets

CNX has been the subject of a number of research reports. Scotiabank restated a "sector perform" rating and set a $35.00 target price (up from $33.00) on shares of CNX Resources in a research report on Friday, July 11th. Piper Sandler lifted their price objective on shares of CNX Resources from $21.00 to $25.00 and gave the company an "underweight" rating in a report on Tuesday, May 13th. Barclays initiated coverage on shares of CNX Resources in a report on Monday, July 7th. They issued an "equal weight" rating and a $33.00 price objective for the company. TD Cowen raised shares of CNX Resources to a "hold" rating in a research note on Monday, July 7th. Finally, Cowen reissued a "hold" rating on shares of CNX Resources in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $31.85.

Insider Transactions at CNX Resources

In related news, Director J. Palmer Clarkson bought 10,000 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 245,433 shares of the company's stock, valued at approximately $7,657,509.60. This represents a 4.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.

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.