Trust Point Inc. trimmed its position in CNX Resources Corporation. (NYSE:CNX - Free Report) by 60.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,300 shares of the oil and gas producer's stock after selling 14,375 shares during the period. Trust Point Inc.'s holdings in CNX Resources were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of CNX. Pullen Investment Management LLC lifted its position in CNX Resources by 1.5% during the first 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 period. Farther Finance Advisors LLC lifted its position in CNX Resources by 21.0% during the first quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer's stock valued at $93,000 after purchasing an additional 508 shares during the period. SummerHaven Investment Management LLC lifted its position in CNX Resources by 1.8% during the first quarter. SummerHaven Investment Management LLC now owns 30,284 shares of the oil and gas producer's stock valued at $953,000 after purchasing an additional 525 shares during the period. Bessemer Group Inc. lifted its position in CNX Resources by 131.5% during the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 526 shares during the period. Finally, Xponance Inc. lifted its position in CNX Resources by 2.9% during the fourth quarter. Xponance Inc. now owns 20,876 shares of the oil and gas producer's stock valued at $766,000 after purchasing an additional 588 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at CNX Resources
In other CNX Resources news, Director J. Palmer Clarkson acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of $31.20 per share, with a total value of $312,000.00. Following the purchase, the director now owns 245,433 shares in the company, valued at approximately $7,657,509.60. The trade was a 4.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CNX. JPMorgan Chase & Co. lifted their price objective on shares of CNX Resources from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, March 13th. Morgan Stanley reaffirmed an "underweight" rating and issued a $31.00 price objective on shares of CNX Resources in a report on Tuesday, April 15th. Mizuho lifted their price objective on shares of CNX Resources from $35.00 to $36.00 and gave the company an "underperform" rating in a report on Tuesday, May 13th. Bank of America cut their price objective on shares of CNX Resources from $32.00 to $27.00 and set an "underperform" rating for the company in a report on Tuesday, April 1st. Finally, Scotiabank raised shares of CNX Resources from a "sector underperform" rating to a "sector perform" rating and set a $33.00 price objective for the company in a report on Friday, April 11th. Eight investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, CNX Resources presently has a consensus rating of "Hold" and a consensus price target of $31.58.
Read Our Latest Report on CNX
CNX Resources Price Performance
Shares of CNX stock traded up $0.02 on Friday, reaching $34.39. 3,425,579 shares of the company were exchanged, compared to its average volume of 2,612,902. The company has a market cap of $4.98 billion, a price-to-earnings ratio of -16.69, a P/E/G ratio of 0.32 and a beta of 0.66. The business has a 50-day moving average price of $31.52 and a 200 day moving average price of $31.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.25 and a current ratio of 0.27. CNX Resources Corporation. has a 1 year low of $23.71 and a 1 year high of $41.93.
CNX Resources Company Profile
(
Free Report)
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.
Further Reading

Before you consider CNX Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CNX Resources wasn't on the list.
While CNX Resources currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.