New York State Common Retirement Fund Acquires 21,131 Shares of CNX Resources Co. (NYSE:CNX)

New York State Common Retirement Fund grew its holdings in CNX Resources Co. (NYSE:CNX) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,131 shares of the oil and gas producer’s stock after purchasing an additional 21,131 shares during the period. New York State Common Retirement Fund’s holdings in CNX Resources were worth $2,083,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new position in CNX Resources during the 3rd quarter valued at about $19,018,000. AQR Capital Management LLC lifted its stake in CNX Resources by 2,200.5% in the 3rd quarter. AQR Capital Management LLC now owns 676,745 shares of the oil and gas producer’s stock worth $15,281,000 after purchasing an additional 647,328 shares in the last quarter. LSV Asset Management lifted its stake in CNX Resources by 472.1% in the 3rd quarter. LSV Asset Management now owns 460,548 shares of the oil and gas producer’s stock worth $10,399,000 after purchasing an additional 380,048 shares in the last quarter. Invesco Ltd. boosted its holdings in CNX Resources by 11.7% in the 3rd quarter. Invesco Ltd. now owns 3,587,664 shares of the oil and gas producer’s stock valued at $81,009,000 after purchasing an additional 376,245 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of CNX Resources by 130.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 496,495 shares of the oil and gas producer’s stock valued at $11,211,000 after purchasing an additional 280,849 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CNX Resources

In other news, EVP Timothy Scott Bedard bought 1,226 shares of the business’s stock in a transaction dated 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 acquisition, the executive vice president now owns 1,226 shares of the company’s stock, valued at $25,133. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.65% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Scotiabank lifted their price objective on CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a research note on Thursday, April 11th. Roth Mkm boosted 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 lifted their target price 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. 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 report on Friday, April 19th. Finally, Mizuho lifted their price objective on shares of CNX Resources from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Two investment 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, CNX Resources presently has a consensus rating of “Hold” and a consensus target price of $24.43.

CNX Resources Stock Performance

NYSE CNX opened at $23.56 on Thursday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 4.27 and a beta of 1.36. The company has a 50-day simple moving average of $23.07 and a two-hundred day simple moving average of $21.44. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. CNX Resources Co. has a 12-month low of $15.08 and a 12-month high of $24.82.

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.