Vanguard Group Inc. Buys 665,289 Shares of CNX Resources Corporation. (NYSE:CNX)

Vanguard Group Inc. increased its stake in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,952,281 shares of the oil and gas producer's stock after acquiring an additional 665,289 shares during the quarter. Vanguard Group Inc. owned approximately 11.02% of CNX Resources worth $502,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp grew its position in shares of CNX Resources by 20.5% in the 4th quarter. Northern Trust Corp now owns 2,421,387 shares of the oil and gas producer's stock worth $88,792,000 after buying an additional 411,485 shares during the last quarter. Woodline Partners LP bought a new stake in shares of CNX Resources in the 4th quarter worth approximately $71,971,000. Capital Research Global Investors grew its position in shares of CNX Resources by 31.8% in the 4th quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer's stock worth $53,172,000 after buying an additional 350,000 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of CNX Resources by 30.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,365,407 shares of the oil and gas producer's stock worth $50,069,000 after buying an additional 322,203 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of CNX Resources by 69.1% in the 4th quarter. Millennium Management LLC now owns 1,154,588 shares of the oil and gas producer's stock worth $42,339,000 after buying an additional 471,763 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CNX shares. Scotiabank reiterated a "sector perform" rating and issued a $35.00 price objective (up from $33.00) on shares of CNX Resources in a research report on Friday, July 11th. Cowen reiterated a "hold" rating on shares of CNX Resources in a research report on Friday, April 25th. Piper Sandler cut their price objective on CNX Resources from $26.00 to $24.00 and set an "underweight" rating on the stock in a research report on Thursday. Mizuho lifted their price objective on CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 13th. Finally, TD Cowen upgraded CNX Resources to a "hold" rating in a research report on Monday, July 7th. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $31.77.

CNX Resources Trading Down 1.2%

NYSE CNX opened at $28.71 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56. CNX Resources Corporation. has a twelve month low of $25.88 and a twelve month high of $41.93. The firm has a market capitalization of $4.06 billion, a PE ratio of 48.65, a P/E/G ratio of 0.25 and a beta of 0.64. The stock's 50 day moving average is $32.06 and its 200 day moving average is $30.99.

CNX Resources 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.

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