Glenmede Trust Co. NA Sells 28,063 Shares of CNX Resources Corporation. $CNX

Key Points

• Glenmede Trust Co. NA reduced its CNX Resources stake by 8.5%, selling 28,063 shares during the first quarter and retaining 303,549 shares valued at approximately $11.7 million.
• Institutional investors own approximately 95.16% of CNX Resources; several firms increased positions, while Segall Bryant & Hamill and BankChampaign acquired new stakes.
• CNX trades near $35.77, while analysts maintain a generally cautious outlook: nine rate the stock Hold and three rate it Sell, producing an average rating of “Reduce” and a consensus price target of $35.44.

Glenmede Trust Co. NA reduced its holdings in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 303,549 shares of the oil and gas producer's stock after selling 28,063 shares during the period. Glenmede Trust Co. NA owned about 0.21% of CNX Resources worth $11,702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new position in CNX Resources in the first quarter worth about $18,609,000. BankChampaign National Association acquired a new stake in CNX Resources during the first quarter valued at approximately $414,000. Edgestream Partners L.P. boosted its holdings in CNX Resources by 8.0% during the first quarter. Edgestream Partners L.P. now owns 101,715 shares of the oil and gas producer's stock valued at $3,921,000 after purchasing an additional 7,512 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of CNX Resources by 16.7% in the 1st quarter. Arkadios Wealth Advisors now owns 15,210 shares of the oil and gas producer's stock valued at $586,000 after purchasing an additional 2,182 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of CNX Resources by 23.1% in the 1st quarter. California State Teachers Retirement System now owns 163,936 shares of the oil and gas producer's stock valued at $6,320,000 after purchasing an additional 30,756 shares during the period. Institutional investors own 95.16% of the company's stock.

More CNX Resources News

Here are the key news stories impacting CNX Resources this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. CNX reported adjusted earnings of $0.72 per share, 26.3% above the consensus estimate of $0.57. Another report cited GAAP earnings of $1.32 per share versus a $0.60 estimate. Disciplined spending and a 59% cash operating margin helped offset weaker operating conditions. CNX Resources Q2 Earnings Surpass Estimates, Production Falls Year over Year
• Positive Sentiment: 45Z tax-credit opportunity could add meaningful cash flow. CNX outlined an estimated $90 million annual run rate from the federal 45Z clean-fuel production credit and related environmental attributes, pending Treasury guidance. This could improve earnings visibility and strengthen free cash flow if the benefits are realized. CNX Outlines Annual Run Rate From 45Z and Environmental Attributes
• Neutral Sentiment: Investors are weighing the earnings beat against mixed operating results. CNX generated approximately $435 million in quarterly revenue, below the roughly $475 million analyst forecast. The results call and earnings materials provide additional context on the company’s outlook, cost controls and production plans. CNX Resources Q2 2026 Earnings Call Transcript
• Negative Sentiment: Production and revenue declined year over year. CNX’s revenue fell 35.7% from the prior-year quarter, while earnings declined from $2.43 per share a year earlier. Lower natural-gas prices and reduced output could pressure results if market conditions do not improve. CNX Resources Second-Quarter Earnings Report

CNX Resources Stock Performance

NYSE CNX opened at $35.77 on Monday. CNX Resources Corporation. has a 1-year low of $27.72 and a 1-year high of $43.62. The company has a 50 day moving average of $33.55 and a 200-day moving average of $36.94. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 5.97 and a beta of 0.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Zacks Research cut CNX Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Morgan Stanley decreased their price target on CNX Resources from $34.00 to $32.00 and set an "underweight" rating on the stock in a research note on Monday, June 29th. Weiss Ratings cut CNX Resources from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, July 28th. Truist Financial upgraded CNX Resources from a "sell" rating to a "hold" rating and set a $35.00 price objective for the company in a research note on Wednesday, July 15th. Finally, Mizuho cut their price objective on CNX Resources from $44.00 to $42.00 and set a "neutral" rating for the company in a report on Wednesday, May 27th. Nine investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, CNX Resources has an average rating of "Reduce" and a consensus target price of $35.44.

About CNX Resources

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.

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