LPL Financial LLC Buys 2,927 Shares of CNX Resources Corporation. $CNX

LPL Financial LLC increased its holdings in CNX Resources Corporation. (NYSE:CNX) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,661 shares of the oil and gas producer’s stock after acquiring an additional 2,927 shares during the quarter. LPL Financial LLC owned about 0.06% of CNX Resources worth $2,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of CNX Resources during the 4th quarter valued at about $14,268,000. First Trust Advisors LP boosted its stake in CNX Resources by 12.0% during the fourth quarter. First Trust Advisors LP now owns 645,591 shares of the oil and gas producer’s stock worth $23,674,000 after buying an additional 69,280 shares during the period. Capital Research Global Investors boosted its stake in CNX Resources by 31.8% during the fourth quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer’s stock worth $53,172,000 after buying an additional 350,000 shares during the period. MetLife Investment Management LLC boosted its stake in shares of CNX Resources by 5.5% during the fourth quarter. MetLife Investment Management LLC now owns 168,910 shares of the oil and gas producer’s stock valued at $6,194,000 after purchasing an additional 8,875 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of CNX Resources by 254.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 26,105 shares of the oil and gas producer’s stock valued at $957,000 after purchasing an additional 18,733 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CNX shares. Piper Sandler decreased their price objective on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Thursday. Scotiabank restated a “sector perform” rating and issued a $35.00 price objective (up previously from $33.00) on shares of CNX Resources in a research report on Friday, July 11th. TD Cowen raised shares of CNX Resources to a “hold” rating in a report on Monday, July 7th. Barclays initiated coverage on shares of CNX Resources in a research report on Monday, July 7th. They set an “equal weight” rating and a $33.00 price target on the stock. Finally, Mizuho boosted their price target on shares of CNX Resources from $35.00 to $36.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 13th. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.77.

CNX Resources Price Performance

Shares of NYSE CNX opened at $28.81 on Monday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 48.83, a PEG ratio of 0.25 and a beta of 0.64. CNX Resources Corporation. has a one year low of $26.43 and a one year high of $41.93. The company’s fifty day moving average is $32.01 and its two-hundred day moving average is $31.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33.

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.