Principal Financial Group Inc. Sells 34,687 Shares of CNX Resources Co. (NYSE:CNX)

Principal Financial Group Inc. trimmed its holdings in shares of CNX Resources Co. (NYSE:CNX – Get Rating) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 702,786 shares of the oil and gas producer’s stock after selling 34,687 shares during the quarter. Principal Financial Group Inc. owned approximately 0.39% of CNX Resources worth $11,835,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of CNX Resources by 6.0% during 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 buying an additional 4,188 shares during the period. Great West Life Assurance Co. Can lifted its position in CNX Resources by 7.2% during 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 purchasing an additional 7,871 shares during the period. Sei Investments Co. lifted 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 purchasing an additional 17,930 shares during the period. Canada Pension Plan Investment Board lifted its position in CNX Resources by 39.2% during the first quarter. Canada Pension Plan Investment Board now owns 104,255 shares of the oil and gas producer’s stock valued at $2,160,000 after purchasing an additional 29,348 shares during the period. Finally, Allianz Asset Management GmbH increased 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 valued at $1,111,000 after buying an additional 11,142 shares in the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

CNX Resources Trading Down 2.0 %

NYSE CNX opened at $15.86 on Friday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 2.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The firm’s fifty day moving average price is $15.74 and its 200 day moving average price is $16.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.50 and a quick ratio of 0.46. CNX Resources Co. has a 12 month low of $14.36 and a 12 month high of $24.21.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNX. Truist Financial boosted their target price on shares of CNX Resources from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Stephens assumed coverage on shares of CNX Resources in a research note on Monday, April 24th. They set an “equal weight” rating and a $17.00 price objective for the company. Piper Sandler decreased their target price on shares of CNX Resources from $17.00 to $16.00 in a report on Thursday, May 18th. StockNews.com assumed coverage on shares of CNX Resources in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Mizuho boosted their target price on shares of CNX Resources from $16.00 to $17.00 in a report on Friday, May 19th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.50.

About CNX Resources

(Get Rating)

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.