CNX Resources Co. (NYSE:CNX) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,065 shares of the oil and gas producer's stock after purchasing an additional 17,546 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of CNX Resources worth $7,813,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. raised its position in CNX Resources by 7.2% in 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 last quarter. Convergence Investment Partners LLC bought a new position in shares of CNX Resources during the 4th quarter worth $1,556,000. Charles Schwab Investment Management Inc. increased its stake in shares of CNX Resources by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,000,464 shares of the oil and gas producer's stock worth $73,357,000 after purchasing an additional 139,647 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of CNX Resources in the fourth quarter valued at approximately $1,047,000. Finally, Assetmark Inc. boosted its holdings in 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 buying an additional 19,309 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Cowen reiterated a "hold" rating on shares of CNX Resources in a research report on Friday, April 25th. Mizuho increased their target price on CNX Resources from $35.00 to $36.00 and gave the company an "underperform" rating in a research note on Tuesday, May 13th. Raymond James raised CNX Resources from an "underperform" rating to a "market perform" rating in a research note on Tuesday, February 18th. Piper Sandler raised their price objective on CNX Resources from $21.00 to $25.00 and gave the company an "underweight" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen lowered CNX Resources from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Eight investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, CNX Resources presently has an average rating of "Hold" and a consensus price target of $31.58.

Insider Activity

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 stock was bought at an average price of $31.20 per share, with a total value of $312,000.00. Following the completion of the purchase, the director now directly owns 245,433 shares in the company, valued at $7,657,509.60. The trade was a 4.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% of the company's stock.

CNX Resources Stock Performance

Shares of NYSE:CNX traded down $0.21 on Thursday, hitting $30.99. 199,355 shares of the company were exchanged, compared to its average volume of 2,890,186. 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 stock's 50 day moving average price is $30.84 and its 200 day moving average price is $32.19. CNX Resources Co. has a 1-year low of $23.63 and a 1-year high of $41.93. The firm has a market capitalization of $4.48 billion, a P/E ratio of -45.62, a price-to-earnings-growth ratio of 0.42 and a beta of 0.62.

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.