Teacher Retirement System of Texas Decreases Stock Position in CNX Resources Corporation. (NYSE:CNX)

Teacher Retirement System of Texas cut its stake in CNX Resources Corporation. (NYSE:CNX - Free Report) by 31.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,761 shares of the oil and gas producer's stock after selling 14,409 shares during the quarter. Teacher Retirement System of Texas' holdings in CNX Resources were worth $1,000,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its holdings in shares of CNX Resources by 2.4% in the 1st quarter. State of Alaska Department of Revenue now owns 17,437 shares of the oil and gas producer's stock worth $548,000 after purchasing an additional 415 shares in the last quarter. Pullen Investment Management LLC raised its position in CNX Resources by 1.5% during the 1st quarter. Pullen Investment Management LLC now owns 32,633 shares of the oil and gas producer's stock valued at $1,027,000 after purchasing an additional 482 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of CNX Resources by 21.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer's stock worth $93,000 after acquiring an additional 508 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of CNX Resources by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 30,284 shares of the oil and gas producer's stock worth $953,000 after acquiring an additional 525 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of CNX Resources by 131.5% during the 4th quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock worth $34,000 after acquiring an additional 526 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CNX has been the topic of several recent analyst reports. Barclays initiated coverage on CNX Resources in a research note on Monday, July 7th. They set an "equal weight" rating and a $33.00 target price on the stock. Cowen reissued a "hold" rating on shares of CNX Resources in a report on Friday, April 25th. Morgan Stanley reissued an "underweight" rating and set a $31.00 price target on shares of CNX Resources in a report on Tuesday, April 15th. Mizuho increased their price target on CNX Resources from $35.00 to $36.00 and gave the company an "underperform" rating in a report on Tuesday, May 13th. Finally, Bank of America decreased their target price on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. Eight research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $31.85.

CNX Resources Stock Performance

NYSE:CNX opened at $34.00 on Monday. 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 capitalization of $4.92 billion, a P/E ratio of -16.50, a PEG ratio of 0.33 and a beta of 0.66. The company has a 50 day moving average price of $32.43 and a 200 day moving average price of $31.10. CNX Resources Corporation. has a fifty-two week low of $23.85 and a fifty-two week high of $41.93.

Insider Buying and Selling at CNX Resources

In related news, Director J. Palmer Clarkson purchased 10,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $31.20 per share, with a total value of $312,000.00. Following the completion of the acquisition, the director directly owned 245,433 shares of the company's stock, valued at approximately $7,657,509.60. The trade was a 4.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.

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