Amalgamated Bank Sells 1,655 Shares of CNX Resources Corporation. (NYSE:CNX)

Amalgamated Bank reduced its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,534 shares of the oil and gas producer’s stock after selling 1,655 shares during the quarter. Amalgamated Bank’s holdings in CNX Resources were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNX. State of Alaska Department of Revenue boosted its holdings in CNX Resources by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 17,437 shares of the oil and gas producer’s stock worth $548,000 after purchasing an additional 415 shares during the last quarter. Pullen Investment Management LLC boosted its holdings in CNX Resources by 1.5% in the first quarter. Pullen Investment Management LLC now owns 32,633 shares of the oil and gas producer’s stock worth $1,027,000 after purchasing an additional 482 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in CNX Resources by 21.0% in the first quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer’s stock worth $93,000 after purchasing an additional 508 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in CNX Resources by 1.8% in the first quarter. SummerHaven Investment Management LLC now owns 30,284 shares of the oil and gas producer’s stock worth $953,000 after purchasing an additional 525 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in CNX Resources by 131.5% in the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 526 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CNX has been the topic of several research reports. Scotiabank upgraded shares of CNX Resources from a “sector underperform” rating to a “sector perform” rating and set a $33.00 target price on the stock in a report on Friday, April 11th. Morgan Stanley restated an “underweight” rating and issued a $31.00 target price on shares of CNX Resources in a report on Tuesday, April 15th. Bank of America dropped their target price on shares of CNX Resources from $32.00 to $27.00 and set an “underperform” rating on the stock in a report on Tuesday, April 1st. Cowen reiterated a “hold” rating on shares of CNX Resources in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CNX Resources from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, March 13th. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.58.

Insider Buying and Selling

In other news, Director J. Palmer Clarkson purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $31.20 per share, for a total transaction of $312,000.00. Following the acquisition, the director owned 245,433 shares of the company’s stock, valued at approximately $7,657,509.60. This trade represents a 4.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.59% of the company’s stock.

CNX Resources Stock Down 1.2%

Shares of NYSE CNX opened at $32.02 on Monday. The firm’s 50-day moving average price is $32.11 and its 200-day moving average price is $31.22. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of -15.54, a P/E/G ratio of 0.30 and a beta of 0.66. CNX Resources Corporation. has a 12-month low of $23.85 and a 12-month high of $41.93.

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.