Quantbot Technologies LP Has $10.60 Million Stock Position in CNX Resources Corporation. $CNX

Key Points

• Quantbot Technologies LP increased its stake in CNX Resources Corporation by 355.9% in the first quarter, owning approximately $10.60 million worth of shares after acquiring an additional 262,770 shares.
• Institutional investors hold 95.16% of CNX's stock, with significant investments from firms like Woodline Partners LP and Vanguard Group Inc., which contributed to a total market capitalization of $4.07 billion.
• CNX Resources has received mixed analyst ratings, with a consensus rating of "Hold" and a target price averaging around $31.77, reflecting a cautious outlook from multiple research reports.

Quantbot Technologies LP raised its stake in CNX Resources Corporation. (NYSE:CNX - Free Report) by 355.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 336,611 shares of the oil and gas producer's stock after buying an additional 262,770 shares during the quarter. Quantbot Technologies LP owned about 0.23% of CNX Resources worth $10,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CNX. Woodline Partners LP bought a new position in CNX Resources in the fourth quarter valued at approximately $71,971,000. Nuveen LLC acquired a new position in CNX Resources in the 1st quarter worth $35,567,000. Vanguard Group Inc. boosted its stake in CNX Resources by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer's stock worth $502,178,000 after purchasing an additional 665,289 shares during the period. Millennium Management LLC boosted its stake in CNX Resources by 69.1% in the 4th quarter. Millennium Management LLC now owns 1,154,588 shares of the oil and gas producer's stock worth $42,339,000 after purchasing an additional 471,763 shares during the period. Finally, Northern Trust Corp boosted its stake in CNX Resources by 20.5% in the 4th quarter. Northern Trust Corp now owns 2,421,387 shares of the oil and gas producer's stock worth $88,792,000 after purchasing an additional 411,485 shares during the period. Institutional investors own 95.16% of the company's stock.

Wall Street Analyst Weigh In

CNX has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of CNX Resources in a research note on Monday, July 7th. They issued an "equal weight" rating and a $33.00 target price for the company. TD Cowen raised shares of CNX Resources to a "hold" rating in a research note on Monday, July 7th. Piper Sandler reduced their target price on shares of CNX Resources from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Thursday. 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 note on Tuesday, May 13th. Finally, Cowen reaffirmed a "hold" rating on shares of CNX Resources in a research note on Friday, April 25th. Eight research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $31.77.

CNX Resources Trading Up 0.3%

Shares of NYSE:CNX opened at $28.81 on Monday. CNX Resources Corporation. has a 52-week low of $26.43 and a 52-week high of $41.93. The company has a market capitalization of $4.07 billion, a P/E ratio of 48.83, a price-to-earnings-growth ratio of 0.25 and a beta of 0.64. The company has a 50-day simple moving average of $32.01 and a 200 day simple moving average of $31.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33.

CNX Resources 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.

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