CNX Resources Co. (NYSE:CNX) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its position in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,421,387 shares of the oil and gas producer's stock after acquiring an additional 411,485 shares during the period. Northern Trust Corp owned about 1.62% of CNX Resources worth $88,792,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CNX. Charles Schwab Investment Management Inc. lifted its holdings in CNX Resources by 7.5% in the 4th 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 buying an additional 139,647 shares during the period. Capital Research Global Investors boosted its holdings in CNX Resources by 31.8% in the fourth quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer's stock valued at $53,172,000 after acquiring an additional 350,000 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in CNX Resources in the 4th quarter worth $37,923,000. Assetmark Inc. boosted its stake in shares of CNX Resources by 2.2% during the 4th quarter. Assetmark Inc. now owns 885,429 shares of the oil and gas producer's stock valued at $32,469,000 after purchasing an additional 19,309 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in CNX Resources by 12.0% in the fourth quarter. First Trust Advisors LP now owns 645,591 shares of the oil and gas producer's stock worth $23,674,000 after buying an additional 69,280 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

CNX Resources Stock Performance

Shares of CNX stock traded up $0.11 during mid-day trading on Wednesday, reaching $31.55. The stock had a trading volume of 1,590,604 shares, compared to its average volume of 2,678,361. CNX Resources Co. has a 1-year low of $23.10 and a 1-year high of $41.93. The business's fifty day moving average is $30.36 and its 200-day moving average is $32.83. 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 firm has a market cap of $4.57 billion, a price-to-earnings ratio of -46.40, a PEG ratio of 0.42 and a beta of 0.62.

Analyst Upgrades and Downgrades

CNX has been the subject of several research reports. Morgan Stanley reissued an "underweight" rating and issued a $31.00 target price on shares of CNX Resources in a research report on Tuesday, April 15th. Cowen reaffirmed a "hold" rating on shares of CNX Resources in a research report on Friday, April 25th. Roth Capital set a $30.00 price target on shares of CNX Resources in a research report on Thursday, January 23rd. StockNews.com lowered shares of CNX Resources from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Finally, Bank of America cut their price target on CNX Resources from $32.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, CNX Resources presently has an average rating of "Hold" and an average target price of $31.17.

About CNX Resources

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.