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

Teacher Retirement System of Texas lessened its holdings in CNX Resources Corporation. (NYSE:CNX - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in CNX Resources in the 4th quarter valued at $14,268,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CNX Resources by 19.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,330 shares of the oil and gas producer's stock worth $1,699,000 after purchasing an additional 7,401 shares during the last quarter. HighTower Advisors LLC boosted its stake in CNX Resources by 6.9% during the 4th quarter. HighTower Advisors LLC now owns 29,168 shares of the oil and gas producer's stock worth $1,070,000 after purchasing an additional 1,879 shares during the last quarter. Corient Private Wealth LLC boosted its stake in CNX Resources by 16.8% during the 4th quarter. Corient Private Wealth LLC now owns 51,946 shares of the oil and gas producer's stock worth $1,903,000 after purchasing an additional 7,464 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC boosted its stake in CNX Resources by 149.6% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 19,637 shares of the oil and gas producer's stock worth $720,000 after purchasing an additional 11,770 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

CNX Resources Stock Up 0.5%

Shares of CNX Resources stock traded up $0.16 on Thursday, reaching $34.10. 1,385,865 shares of the company were exchanged, compared to its average volume of 2,593,487. CNX Resources Corporation. has a 1-year low of $23.85 and a 1-year high of $41.93. The company has a market cap of $4.94 billion, a P/E ratio of -16.55, a price-to-earnings-growth ratio of 0.33 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.27 and a quick ratio of 0.25. The stock's 50 day moving average price is $32.68 and its 200-day moving average price is $31.10.

Insider Transactions at CNX Resources

In other CNX Resources news, Director J. Palmer Clarkson purchased 10,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was 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 $7,657,509.60. This trade represents a 4.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Cowen upgraded CNX Resources to a "hold" rating in a report on Monday, July 7th. 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 price objective on the stock. Morgan Stanley restated an "underweight" rating and issued a $31.00 price objective on shares of CNX Resources in a report on Tuesday, April 15th. Scotiabank restated a "sector perform" rating and issued a $35.00 price objective (up from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Finally, Piper Sandler boosted their price objective on shares of CNX Resources from $21.00 to $25.00 and gave the company an "underweight" rating in a report on Tuesday, May 13th. Eight investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, CNX Resources has a consensus rating of "Hold" and a consensus target price of $31.85.

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.