Tidal Investments LLC Invests $306,000 in CNX Resources Co. (NYSE:CNX)

Tidal Investments LLC bought a new stake in shares of CNX Resources Co. (NYSE:CNX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,339 shares of the oil and gas producer's stock, valued at approximately $306,000.

Other large investors have also recently bought and sold shares of the company. Congress Asset Management Co. increased its stake in CNX Resources by 7.2% during the 4th quarter. Congress Asset Management Co. now owns 266,447 shares of the oil and gas producer's stock valued at $9,771,000 after buying an additional 17,951 shares during the period. Convergence Investment Partners LLC acquired a new position in CNX Resources during the 4th quarter valued at about $1,556,000. Charles Schwab Investment Management Inc. increased its stake in CNX Resources by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer's stock valued at $73,357,000 after buying an additional 139,647 shares during the period. Wakefield Asset Management LLLP acquired a new position in CNX Resources during the 4th quarter valued at about $1,047,000. Finally, Assetmark Inc. grew its stake in shares of CNX Resources by 2.2% in the 4th quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer's stock worth $32,469,000 after purchasing an additional 19,309 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

CNX Resources Stock Down 0.0%

CNX traded down $0.01 on Monday, reaching $32.27. 2,284,509 shares of the company traded hands, compared to its average volume of 2,657,741. The stock's 50 day moving average price is $30.83 and its 200-day moving average price is $32.24. CNX Resources Co. has a 52-week low of $23.63 and a 52-week high of $41.93. The company has a market cap of $4.67 billion, a price-to-earnings ratio of -47.46, a PEG ratio of 0.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32.

Insider Buying and Selling at CNX Resources

In other news, Director J. Palmer Clarkson acquired 10,000 shares of CNX Resources stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $31.20 per share, for a total transaction of $312,000.00. Following the completion of the purchase, the director now owns 245,433 shares of the company's stock, valued at $7,657,509.60. This represents a 4.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CNX. Stephens raised shares of CNX Resources from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $35.00 to $48.00 in a research note on Tuesday, March 18th. Raymond James raised shares of CNX Resources from an "underperform" rating to a "market perform" rating in a research note on Tuesday, February 18th. Morgan Stanley reaffirmed an "underweight" rating and issued a $31.00 price objective on shares of CNX Resources in a research note on Tuesday, April 15th. Mizuho lifted their price objective 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 reissued a "hold" rating on shares of CNX Resources in a research report on Friday, April 25th. Eight research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.58.

About CNX Resources

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.