Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.14 Million Investment in CNX Resources Corporation. (NYSE:CNX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a stake of 99,763 shares in CNX Resources Corporation valued at approximately $3.14 million, owning 0.07% of the company as of the latest quarter.
• CNX Resources' stock has shown a 52-week range between $23.85 and $41.93, currently trading around $30.33 with a market capitalization of $4.39 billion.
• Institutional investors hold 95.16% of CNX Resources stock, with several firms recently increasing their stakes amidst a generally "hold" rating consensus among analysts.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CNX Resources Corporation. (NYSE:CNX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 99,763 shares of the oil and gas producer's stock, valued at approximately $3,141,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of CNX Resources at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CNX. Victory Capital Management Inc. grew its stake in CNX Resources by 75.6% during the 1st quarter. Victory Capital Management Inc. now owns 142,658 shares of the oil and gas producer's stock valued at $4,491,000 after purchasing an additional 61,438 shares during the last quarter. Significant Wealth Partners LLC grew its stake in CNX Resources by 26.1% during the 1st quarter. Significant Wealth Partners LLC now owns 9,798 shares of the oil and gas producer's stock valued at $308,000 after purchasing an additional 2,028 shares during the last quarter. Leavell Investment Management Inc. grew its stake in CNX Resources by 11.9% during the 1st quarter. Leavell Investment Management Inc. now owns 8,578 shares of the oil and gas producer's stock valued at $270,000 after purchasing an additional 912 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in shares of CNX Resources by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 44,673 shares of the oil and gas producer's stock worth $1,406,000 after buying an additional 23,531 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of CNX Resources by 38.8% in the first quarter. M&T Bank Corp now owns 17,638 shares of the oil and gas producer's stock worth $556,000 after buying an additional 4,933 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNX. Barclays began coverage on CNX Resources in a research note on Monday, July 7th. They issued an "equal weight" rating and a $33.00 target price on the stock. Scotiabank reaffirmed a "sector perform" rating and issued a $35.00 price target (up previously from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Piper Sandler upped their price target on CNX Resources from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Friday. Mizuho upped their price target on CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $31.00 price target on shares of CNX Resources in a report on Tuesday, April 15th. Eight research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, CNX Resources currently has a consensus rating of "Hold" and a consensus price target of $31.92.

Insiders Place Their Bets

In other news, Director J. Palmer Clarkson purchased 10,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were bought at an average price of $31.20 per share, for a total transaction of $312,000.00. Following the completion of the purchase, the director owned 245,433 shares of the company's stock, valued at $7,657,509.60. This trade represents a 4.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by company insiders.

CNX Resources Stock Down 4.6%

Shares of CNX stock traded down $1.39 during trading hours on Friday, hitting $28.92. 3,141,801 shares of the company were exchanged, compared to its average volume of 2,379,965. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. CNX Resources Corporation. has a one year low of $23.85 and a one year high of $41.93. The business's 50-day simple moving average is $32.55 and its two-hundred day simple moving average is $31.03. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 49.02, a P/E/G ratio of 0.28 and a beta of 0.64.

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.