Kingswood Wealth Advisors LLC Purchases New Position in CNX Resources Corporation. (NYSE:CNX)

Kingswood Wealth Advisors LLC purchased a new stake in CNX Resources Corporation. (NYSE:CNX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,075 shares of the oil and gas producer's stock, valued at approximately $1,591,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp increased its position in shares of CNX Resources by 20.5% during the fourth quarter. Northern Trust Corp now owns 2,421,387 shares of the oil and gas producer's stock worth $88,792,000 after acquiring an additional 411,485 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of CNX Resources by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer's stock worth $73,357,000 after acquiring an additional 139,647 shares in the last quarter. Woodline Partners LP bought a new stake in shares of CNX Resources during the fourth quarter worth about $71,971,000. Capital Research Global Investors increased 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 worth $53,172,000 after acquiring an additional 350,000 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of CNX Resources by 30.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,365,407 shares of the oil and gas producer's stock worth $50,069,000 after acquiring an additional 322,203 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CNX has been the subject of several recent research reports. Stephens raised shares of CNX Resources from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $48.00 in a research report on Tuesday, March 18th. Mizuho boosted their target price on shares of CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 13th. Morgan Stanley reissued an "underweight" rating and set a $31.00 target price on shares of CNX Resources in a research report on Tuesday, April 15th. Bank of America decreased their target price on shares of CNX Resources from $32.00 to $27.00 and set an "underperform" rating for the company in a research report on Tuesday, April 1st. Finally, Cowen restated a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, CNX Resources currently has a consensus rating of "Hold" and a consensus target price of $31.58.

CNX Resources Stock Performance

CNX traded down $0.22 during midday trading on Monday, reaching $34.17. The company had a trading volume of 1,772,791 shares, compared to its average volume of 2,609,543. 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 stock has a market cap of $4.94 billion, a PE ratio of -16.59, a P/E/G ratio of 0.32 and a beta of 0.66. CNX Resources Corporation. has a 12-month low of $23.71 and a 12-month high of $41.93. The business has a 50-day moving average price of $31.60 and a two-hundred day moving average price of $31.46.

Insider Buying and Selling at CNX Resources

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

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.