Landscape Capital Management L.L.C. Makes New $1.03 Million Investment in CNX Resources Corporation. $CNX

Key Points

• Landscape Capital Management L.L.C. has acquired 32,776 shares of CNX Resources Corporation, valued at approximately $1,032,000 during the first quarter of the year.
• Several hedge funds have increased their holdings in CNX Resources, with notable positions raised significantly by firms such as Campbell & CO Investment Adviser (68.4% increase) and Jump Financial LLC (1,945.1% increase) in the same period.
• The stock currently has a consensus rating of "Reduce" from analysts, with a consensus price target of $31.77, reflecting mixed outlooks among investment firms.

Landscape Capital Management L.L.C. acquired a new position in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,776 shares of the oil and gas producer's stock, valued at approximately $1,032,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rafferty Asset Management LLC boosted its holdings in CNX Resources by 7.0% during the first quarter. Rafferty Asset Management LLC now owns 183,617 shares of the oil and gas producer's stock worth $5,780,000 after purchasing an additional 12,001 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of CNX Resources by 68.4% during the first quarter. Campbell & CO Investment Adviser LLC now owns 136,025 shares of the oil and gas producer's stock worth $4,282,000 after acquiring an additional 55,239 shares in the last quarter. Southeast Asset Advisors LLC increased its holdings in shares of CNX Resources by 6.3% in the first quarter. Southeast Asset Advisors LLC now owns 2,408,025 shares of the oil and gas producer's stock worth $75,805,000 after purchasing an additional 141,819 shares during the period. Jump Financial LLC increased its holdings in shares of CNX Resources by 1,945.1% in the first quarter. Jump Financial LLC now owns 353,992 shares of the oil and gas producer's stock worth $11,144,000 after purchasing an additional 336,683 shares during the period. Finally, Quantbot Technologies LP increased its holdings in shares of CNX Resources by 355.9% in the 1st quarter. Quantbot Technologies LP now owns 336,611 shares of the oil and gas producer's stock worth $10,597,000 after buying an additional 262,770 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CNX shares. Mizuho upped 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. Piper Sandler dropped their price objective on shares of CNX Resources from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Thursday, August 14th. 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 target price for the company. Scotiabank reissued a "sector perform" rating and issued a $35.00 price objective (up previously from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Finally, TD Cowen raised shares of CNX Resources to a "hold" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $31.77.

CNX Resources Trading Down 0.3%

Shares of CNX traded down $0.09 during trading hours on Thursday, reaching $29.42. 1,224,263 shares of the company traded hands, compared to its average volume of 1,385,521. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 49.86, a PEG ratio of 0.26 and a beta of 0.60. CNX Resources Corporation. has a 12-month low of $26.50 and a 12-month high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. The stock's fifty day moving average price is $30.78 and its 200 day moving average price is $30.98.

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.