CNX Resources Co. (NYSE:CNX) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,078,300 shares of the oil and gas producer's stock after purchasing an additional 242,600 shares during the quarter. Two Sigma Advisers LP owned 0.72% of CNX Resources worth $39,541,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of CNX Resources by 131.5% in the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 526 shares during the period. Harvest Fund Management Co. Ltd bought a new position in CNX Resources in the 4th quarter worth approximately $39,000. VSM Wealth Advisory LLC bought a new position in CNX Resources in the 4th quarter worth approximately $55,000. Principal Securities Inc. boosted its stake in CNX Resources by 38.5% in the 4th quarter. Principal Securities Inc. now owns 2,484 shares of the oil and gas producer's stock worth $91,000 after purchasing an additional 691 shares during the period. Finally, Blue Trust Inc. boosted its stake in CNX Resources by 65.1% in the 4th quarter. Blue Trust Inc. now owns 3,246 shares of the oil and gas producer's stock worth $119,000 after purchasing an additional 1,280 shares during the period. 95.16% of the stock is currently owned by institutional investors.

CNX Resources Trading Up 1.4%

NYSE:CNX traded up $0.44 during midday trading on Friday, hitting $31.65. 1,297,529 shares of the company traded hands, compared to its average volume of 2,662,468. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 0.45. The firm's fifty day moving average is $30.85 and its 200-day moving average is $32.52. CNX Resources Co. has a 12-month low of $23.63 and a 12-month high of $41.93. The firm has a market capitalization of $4.58 billion, a P/E ratio of -46.54, a P/E/G ratio of 0.42 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley restated an "underweight" rating and issued a $31.00 price target on shares of CNX Resources in a research note on Tuesday, April 15th. Wall Street Zen downgraded CNX Resources from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. Cowen reiterated a "hold" rating on shares of CNX Resources in a research report on Friday, April 25th. Raymond James upgraded CNX Resources from an "underperform" rating to a "market perform" rating in a research report on Tuesday, February 18th. Finally, Piper Sandler increased their target price on CNX Resources from $21.00 to $25.00 and gave the company an "underweight" rating in a research report on Tuesday, May 13th. Eight investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $31.58.

Insider Buying and Selling

In other CNX Resources news, Director J. Palmer Clarkson bought 10,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $31.20 per share, with a total value of $312,000.00. Following the transaction, the director now owns 245,433 shares of the company's stock, valued at approximately $7,657,509.60. This trade represents a 4.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by insiders.

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.