Strs Ohio Raises Stake in CNX Resources Co. (NYSE:CNX)

Strs Ohio grew its position in CNX Resources Co. (NYSE:CNX) by 31.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,800 shares of the oil and gas producer’s stock after acquiring an additional 3,800 shares during the period. Strs Ohio’s holdings in CNX Resources were worth $316,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Teza Capital Management LLC boosted its position in shares of CNX Resources by 0.5% during the 3rd quarter. Teza Capital Management LLC now owns 111,206 shares of the oil and gas producer’s stock worth $2,511,000 after acquiring an additional 522 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in CNX Resources by 30.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,540 shares of the oil and gas producer’s stock valued at $57,000 after purchasing an additional 590 shares in the last quarter. Neo Ivy Capital Management purchased a new position in CNX Resources in the third quarter valued at approximately $26,000. BluePath Capital Management LLC acquired a new stake in CNX Resources during the third quarter worth approximately $32,000. Finally, Castleview Partners LLC purchased a new stake in shares of CNX Resources during the 3rd quarter worth approximately $41,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Timothy Scott Bedard sold 1,226 shares of CNX Resources stock in a transaction on Monday, February 26th. The shares were sold at an average price of $20.83, for a total value of $25,537.58. Following the transaction, the executive vice president now directly owns 67,982 shares in the company, valued at approximately $1,416,065.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CNX shares. Roth Mkm raised their price objective on CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Truist Financial upped their target price on CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Scotiabank lifted 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. Bank of America raised CNX Resources from an “underperform” rating to a “neutral” rating and set a $23.00 price objective for the company in a report on Friday, January 5th. Finally, Mizuho lifted their target price 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, CNX Resources presently has a consensus rating of “Hold” and a consensus target price of $24.43.

CNX Resources Trading Up 0.6 %

Shares of CNX stock opened at $24.15 on Tuesday. The company has a market capitalization of $3.70 billion, a P/E ratio of 4.38 and a beta of 1.33. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $22.68 and its two-hundred day moving average is $21.41. CNX Resources Co. has a twelve month low of $14.41 and a twelve month high of $24.82.

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.