CNX Resources Corporation. (NYSE:CNX) Stock Holdings Trimmed by Natixis Advisors LLC

Natixis Advisors LLC lessened its holdings in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 35.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,510 shares of the oil and gas producer's stock after selling 11,682 shares during the quarter. Natixis Advisors LLC's holdings in CNX Resources were worth $677,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CNX. Arkadios Wealth Advisors lifted its holdings in CNX Resources by 96.5% during the 1st quarter. Arkadios Wealth Advisors now owns 24,733 shares of the oil and gas producer's stock worth $779,000 after buying an additional 12,148 shares during the last quarter. Bayforest Capital Ltd lifted its holdings in CNX Resources by 516.9% during the 1st quarter. Bayforest Capital Ltd now owns 23,899 shares of the oil and gas producer's stock worth $752,000 after buying an additional 20,025 shares during the last quarter. XTX Topco Ltd lifted its holdings in CNX Resources by 118.1% during the 1st quarter. XTX Topco Ltd now owns 67,512 shares of the oil and gas producer's stock worth $2,125,000 after buying an additional 36,555 shares during the last quarter. Federated Hermes Inc. lifted its holdings in CNX Resources by 462.8% during the 1st quarter. Federated Hermes Inc. now owns 393,462 shares of the oil and gas producer's stock worth $12,386,000 after buying an additional 323,553 shares during the last quarter. Finally, Avalon Capital Management lifted its holdings in CNX Resources by 151.5% during the 1st quarter. Avalon Capital Management now owns 17,410 shares of the oil and gas producer's stock worth $548,000 after buying an additional 10,487 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

CNX Resources Stock Performance

CNX Resources stock traded up $0.12 during mid-day trading on Friday, hitting $28.84. 209,439 shares of the company's stock traded hands, compared to its average volume of 2,655,602. The firm has a 50 day moving average price of $32.06 and a 200 day moving average price of $30.99. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56. The company has a market cap of $4.08 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 0.25 and a beta of 0.64. CNX Resources Corporation. has a one year low of $26.43 and a one year high of $41.93.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CNX. Piper Sandler reduced their target price on CNX Resources from $26.00 to $24.00 and set an "underweight" rating on the stock in a report on Thursday. TD Cowen raised CNX Resources to a "hold" rating in a report on Monday, July 7th. Mizuho increased their target price on CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a report on Tuesday, May 13th. Barclays began coverage on CNX Resources in a report on Monday, July 7th. They issued an "equal weight" rating and a $33.00 price target on the stock. Finally, Cowen reissued a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $31.77.

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.