Truist Financial Corp Sells 183,411 Shares of CNX Resources Co. (NYSE:CNX)

Truist Financial Corp cut its position in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 27.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 492,890 shares of the oil and gas producer's stock after selling 183,411 shares during the period. Truist Financial Corp owned 0.31% of CNX Resources worth $9,858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in CNX Resources during the 3rd quarter valued at $26,000. BluePath Capital Management LLC bought a new stake in shares of CNX Resources during the 3rd quarter worth about $32,000. Castleview Partners LLC bought a new stake in shares of CNX Resources during the 3rd quarter worth about $41,000. Adirondack Trust Co. acquired a new position in CNX Resources in the 3rd quarter valued at about $54,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in CNX Resources by 30.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,540 shares of the oil and gas producer's stock valued at $57,000 after acquiring an additional 590 shares during the period. 95.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CNX Resources

In other CNX Resources news, EVP Timothy Scott Bedard bought 1,226 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $20.50 per share, for a total transaction of $25,133.00. Following the completion of the transaction, the executive vice president now directly owns 1,226 shares in the company, valued at approximately $25,133. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.10% of the company's stock.

CNX Resources Price Performance

NYSE:CNX traded up $0.09 during mid-day trading on Friday, reaching $23.29. The stock had a trading volume of 1,896,015 shares, compared to its average volume of 2,946,944. The stock has a 50-day simple moving average of $22.84 and a two-hundred day simple moving average of $21.44. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.51. CNX Resources Co. has a 12 month low of $14.41 and a 12 month high of $24.82. The stock has a market capitalization of $3.57 billion, a PE ratio of 4.22 and a beta of 1.36.

Analyst Ratings Changes

CNX has been the subject of several recent research reports. Bank of America upgraded CNX Resources from an "underperform" rating to a "neutral" rating and set a $23.00 price target for the company in a research note on Friday, January 5th. Roth Mkm increased their target price on shares of CNX Resources from $18.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 2nd. Truist Financial lifted their price target on shares of CNX Resources from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Scotiabank increased their price target on CNX Resources from $20.00 to $25.00 and gave the stock a "sector underperform" rating in a research report on Thursday, April 11th. Finally, Mizuho lifted their price objective on CNX Resources from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, CNX Resources has a consensus rating of "Hold" and a consensus price target of $24.43.

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.