CNX Resources Co. (NYSE:CNX) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its holdings in CNX Resources Co. (NYSE:CNX - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,365,407 shares of the oil and gas producer's stock after acquiring an additional 322,203 shares during the period. Nuveen Asset Management LLC owned about 0.91% of CNX Resources worth $50,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNX. Bessemer Group Inc. grew its holdings in shares of CNX Resources by 131.5% during 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 during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in CNX Resources in the fourth quarter valued at approximately $39,000. VSM Wealth Advisory LLC acquired a new position in shares of CNX Resources during the fourth quarter worth approximately $55,000. Principal Securities Inc. raised its position in shares of CNX Resources by 38.5% during the fourth quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock worth $91,000 after purchasing an additional 691 shares during the period. Finally, Blue Trust Inc. grew its holdings in CNX Resources by 65.1% during the fourth quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer's stock worth $119,000 after buying an additional 1,280 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

CNX Resources Price Performance

Shares of CNX Resources stock traded up $0.44 during trading on Friday, hitting $31.65. 1,297,529 shares of the company were exchanged, compared to its average volume of 2,662,468. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of -46.54, a P/E/G ratio of 0.42 and a beta of 0.62. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 0.45. CNX Resources Co. has a fifty-two week low of $23.63 and a fifty-two week high of $41.93. The firm has a 50 day moving average price of $30.85 and a 200 day moving average price of $32.48.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CNX shares. Scotiabank upgraded CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price objective for the company in a research note on Friday, April 11th. Bank of America lowered their price target on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. raised their price objective on CNX Resources from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, March 13th. Mizuho lifted their price objective on CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 13th. Finally, Piper Sandler lifted their price objective on CNX Resources from $21.00 to $25.00 and gave the company an "underweight" rating in a research note on Tuesday, May 13th. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $31.58.

Insider Transactions at CNX Resources

In other news, Director J. Palmer Clarkson acquired 10,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $31.20 per share, with a total value of $312,000.00. Following the transaction, the director now directly owns 245,433 shares in the company, valued at approximately $7,657,509.60. This represents a 4.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.10% 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.