LSV Asset Management Acquires 1,028,805 Shares of CNX Resources Co. (NYSE:CNX)

LSV Asset Management grew its position in shares of CNX Resources Co. (NYSE:CNX - Free Report) by 223.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,489,353 shares of the oil and gas producer's stock after acquiring an additional 1,028,805 shares during the period. LSV Asset Management owned about 0.94% of CNX Resources worth $29,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. raised its stake in CNX Resources by 11.7% in the third quarter. Invesco Ltd. now owns 3,587,664 shares of the oil and gas producer's stock worth $81,009,000 after buying an additional 376,245 shares in the last quarter. American Century Companies Inc. grew its holdings in CNX Resources by 11.2% in the third quarter. American Century Companies Inc. now owns 2,154,145 shares of the oil and gas producer's stock worth $48,641,000 after purchasing an additional 217,753 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in CNX Resources by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,445,994 shares of the oil and gas producer's stock worth $32,651,000 after purchasing an additional 15,283 shares during the period. Brandywine Global Investment Management LLC grew its holdings in CNX Resources by 5.1% in the third quarter. Brandywine Global Investment Management LLC now owns 927,237 shares of the oil and gas producer's stock worth $20,937,000 after purchasing an additional 44,690 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in CNX Resources in the third quarter worth about $19,018,000. 95.16% of the stock is owned by institutional investors.

Insider Transactions at CNX Resources

In other CNX Resources news, EVP Timothy Scott Bedard sold 1,226 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $20.83, for a total transaction of $25,537.58. Following the sale, the executive vice president now owns 67,982 shares of the company's stock, valued at approximately $1,416,065.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.65% of the company's stock.

CNX Resources Price Performance

CNX traded up $0.73 during trading on Monday, hitting $24.02. 2,381,731 shares of the company traded hands, compared to its average volume of 2,941,448. The company has a market cap of $3.68 billion, a PE ratio of 4.22 and a beta of 1.36. The stock's 50-day simple moving average is $22.89 and its two-hundred day simple moving average is $21.41. CNX Resources Co. has a 1 year low of $15.08 and a 1 year high of $24.82. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45.

Analyst Ratings Changes

A number of brokerages have weighed in on CNX. Roth Mkm upped their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. Scotiabank increased their price target on shares of CNX Resources from $20.00 to $25.00 and gave the company a "sector underperform" rating in a report on Thursday, April 11th. Mizuho increased their price target on shares of CNX Resources from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Truist Financial increased their price objective 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. Finally, Piper Sandler increased their price target on shares of CNX Resources from $18.00 to $22.00 and gave the stock a "neutral" rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.43.

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.