Oppenheimer Asset Management Inc. Sells 745 Shares of CNX Resources Co. (NYSE:CNX)

Oppenheimer Asset Management Inc. lowered its stake in CNX Resources Co. (NYSE:CNX – Get Rating) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,758 shares of the oil and gas producer’s stock after selling 745 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CNX Resources were worth $501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of CNX Resources by 6.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,211 shares of the oil and gas producer’s stock worth $1,538,000 after acquiring an additional 4,188 shares during the period. Great West Life Assurance Co. Can lifted its holdings in CNX Resources by 7.2% in the first quarter. Great West Life Assurance Co. Can now owns 117,180 shares of the oil and gas producer’s stock valued at $2,502,000 after buying an additional 7,871 shares during the period. Sei Investments Co. boosted its position in CNX Resources by 7.8% during the first quarter. Sei Investments Co. now owns 249,181 shares of the oil and gas producer’s stock valued at $5,208,000 after acquiring an additional 17,930 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in CNX Resources by 39.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 104,255 shares of the oil and gas producer’s stock worth $2,160,000 after acquiring an additional 29,348 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in CNX Resources by 26.2% in the first quarter. Allianz Asset Management GmbH now owns 53,619 shares of the oil and gas producer’s stock worth $1,111,000 after acquiring an additional 11,142 shares in the last quarter. Institutional investors own 93.66% of the company’s stock.

CNX Resources Price Performance

CNX opened at $15.21 on Monday. The firm has a 50-day moving average price of $15.67 and a 200-day moving average price of $16.38. CNX Resources Co. has a twelve month low of $14.36 and a twelve month high of $24.21. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 2.12, a PEG ratio of 1.38 and a beta of 1.31.

Analyst Upgrades and Downgrades

A number of analysts have commented on CNX shares. Truist Financial boosted their price target on shares of CNX Resources from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Mizuho lowered their price objective on CNX Resources from $18.00 to $16.00 in a research note on Friday, March 10th. StockNews.com initiated coverage on CNX Resources in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Stephens started coverage on shares of CNX Resources in a report on Monday, April 24th. They issued an “equal weight” rating and a $17.00 target price for the company. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.75.

CNX Resources Company Profile

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CNX Resources Corp. engages in the exploration, development, production, and acquisition of natural gas properties in the Appalachian Basin. It operates through the following segments: Shale, Coalbed Methane, and Other Gas. The Shale segment refers to primary reserves, production, and capital investments.