45,922 Shares in CNX Resources Co. (NYSE:CNX) Acquired by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new position in CNX Resources Co. (NYSE:CNX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 45,922 shares of the oil and gas producer's stock, valued at approximately $1,684,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CNX. Bessemer Group Inc. grew 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 purchasing an additional 526 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in CNX Resources during the 4th quarter worth approximately $39,000. VSM Wealth Advisory LLC bought a new position in CNX Resources during the 4th quarter worth approximately $55,000. Principal Securities Inc. grew its position in shares of CNX Resources by 38.5% in the 4th quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock worth $91,000 after acquiring an additional 691 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of CNX Resources by 65.1% in the 4th quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer's stock valued at $119,000 after acquiring an additional 1,280 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Insider Activity at CNX Resources

In other news, Director J. Palmer Clarkson bought 10,000 shares of the 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 completion of the acquisition, the director now directly owns 245,433 shares in the company, valued at approximately $7,657,509.60. The trade was a 4.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.10% of the company's stock.

CNX Resources Stock Performance

Shares of NYSE CNX traded up $2.10 during midday trading on Friday, reaching $33.42. 657,898 shares of the company traded hands, compared to its average volume of 2,648,268. The stock has a 50-day moving average price of $30.82 and a 200 day moving average price of $32.37. The company has a market cap of $4.84 billion, a price-to-earnings ratio of -48.26, a PEG ratio of 0.42 and a beta of 0.62. CNX Resources Co. has a 52 week low of $23.63 and a 52 week high of $41.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CNX shares. Raymond James upgraded CNX Resources from an "underperform" rating to a "market perform" rating in a research note on Tuesday, February 18th. Stephens raised shares of CNX Resources from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $35.00 to $48.00 in a report on Tuesday, March 18th. JPMorgan Chase & Co. raised their price target on shares of CNX Resources from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, March 13th. Wall Street Zen downgraded shares of CNX Resources from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. Finally, Mizuho raised their target price on shares of CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a report on Tuesday, May 13th. Eight equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.58.

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.