Virtu Financial LLC purchased a new stake in CNX Resources Corporation. (NYSE:CNX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,257 shares of the oil and gas producer's stock, valued at approximately $952,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of CNX Resources in the 1st quarter valued at $374,000. Vanguard Group Inc. boosted its stake in CNX Resources by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer's stock worth $502,178,000 after purchasing an additional 665,289 shares during the period. PNC Financial Services Group Inc. boosted its stake in CNX Resources by 5.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,328 shares of the oil and gas producer's stock worth $325,000 after purchasing an additional 562 shares during the period. Jefferies Financial Group Inc. acquired a new position in CNX Resources in the 1st quarter worth $442,000. Finally, Arkadios Wealth Advisors boosted its stake in CNX Resources by 96.5% in the 1st quarter. Arkadios Wealth Advisors now owns 24,733 shares of the oil and gas producer's stock worth $779,000 after purchasing an additional 12,148 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.
CNX Resources Stock Up 0.3%
Shares of CNX Resources stock traded up $0.09 during trading hours on Friday, reaching $28.81. 1,625,287 shares of the company's stock were exchanged, compared to its average volume of 2,260,096. The company has a 50 day moving average of $32.01 and a two-hundred day moving average of $31.00. CNX Resources Corporation. has a fifty-two week low of $26.43 and a fifty-two week high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.07 billion, a P/E ratio of 48.83, a P/E/G ratio of 0.25 and a beta of 0.64.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on CNX shares. Mizuho upped their target price on shares of CNX Resources from $35.00 to $36.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 13th. Barclays started coverage on shares of CNX Resources in a research note on Monday, July 7th. They issued an "equal weight" rating and a $33.00 target price for the company. Cowen reaffirmed a "hold" rating on shares of CNX Resources in a research note on Friday, April 25th. Scotiabank reaffirmed a "sector perform" rating and issued a $35.00 target price (up from $33.00) on shares of CNX Resources in a research note on Friday, July 11th. Finally, Piper Sandler reduced their target price on shares of CNX Resources from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Thursday. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.77.
Check Out Our Latest Analysis on CNX
CNX Resources 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.
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