Voya Investment Management LLC Grows Stock Holdings in CNX Resources Corporation. $CNX

Key Points

• Voya Investment Management LLC increased its stake in CNX Resources Corporation by 36.3% during the first quarter, acquiring a total of 59,529 shares valued at approximately $1.87 million.
• 95.16% of CNX Resources' stock is owned by hedge funds and institutional investors, indicating significant institutional interest in the company.
• Analysts have mixed ratings on CNX Resources, with one Buy rating, ten Hold ratings, and six Sell ratings; the current average price target is $31.64.

Voya Investment Management LLC increased its stake in shares of CNX Resources Corporation. (NYSE:CNX - Free Report) by 36.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,529 shares of the oil and gas producer's stock after purchasing an additional 15,863 shares during the period. Voya Investment Management LLC's holdings in CNX Resources were worth $1,874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CNX. Quantinno Capital Management LP purchased a new position in shares of CNX Resources during the fourth quarter valued at approximately $244,000. Tidal Investments LLC purchased a new stake in CNX Resources during the fourth quarter valued at approximately $306,000. Voloridge Investment Management LLC purchased a new stake in CNX Resources during the fourth quarter valued at approximately $3,537,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CNX Resources by 9.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 213,065 shares of the oil and gas producer's stock valued at $7,813,000 after buying an additional 17,546 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in CNX Resources during the fourth quarter valued at approximately $128,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

CNX Resources Stock Performance

NYSE:CNX opened at $30.35 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. The company has a fifty day moving average of $30.17 and a two-hundred day moving average of $31.03. The stock has a market capitalization of $4.29 billion, a PE ratio of 51.44, a P/E/G ratio of 0.28 and a beta of 0.60. CNX Resources Corporation. has a fifty-two week low of $27.00 and a fifty-two week high of $41.93.

Analyst Ratings Changes

CNX has been the subject of a number of research reports. Scotiabank reaffirmed a "sector perform" rating and set a $35.00 target price (up from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Barclays initiated coverage on shares of CNX Resources in a report on Monday, July 7th. They set an "equal weight" rating and a $33.00 target price for the company. TD Cowen upgraded shares of CNX Resources to a "hold" rating in a research report on Monday, July 7th. Siebert Williams Shank initiated coverage on shares of CNX Resources in a research report on Monday, September 15th. They issued a "hold" rating and a $32.00 price target for the company. Finally, Piper Sandler dropped their price target on shares of CNX Resources from $26.00 to $24.00 and set an "underweight" rating for the company in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, CNX Resources presently has an average rating of "Reduce" and a consensus price target of $31.64.

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.

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