HighTower Advisors LLC Has $1.47 Million Holdings in CNX Resources Corporation. $CNX

HighTower Advisors LLC boosted its holdings in CNX Resources Corporation. (NYSE:CNX) by 59.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,592 shares of the oil and gas producer’s stock after buying an additional 17,424 shares during the quarter. HighTower Advisors LLC’s holdings in CNX Resources were worth $1,467,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in CNX Resources in the first quarter valued at about $61,000. Sound Income Strategies LLC acquired a new stake in shares of CNX Resources during the first quarter valued at about $63,000. UMB Bank n.a. boosted its stake in shares of CNX Resources by 59.7% during the first quarter. UMB Bank n.a. now owns 2,062 shares of the oil and gas producer’s stock valued at $65,000 after purchasing an additional 771 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of CNX Resources during the fourth quarter valued at about $88,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of CNX Resources by 21.0% during the first quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer’s stock valued at $93,000 after purchasing an additional 508 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Price Performance

CNX Resources stock opened at $28.8850 on Tuesday. The stock’s 50 day moving average is $31.55 and its 200 day moving average is $31.05. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30. The firm has a market cap of $4.08 billion, a P/E ratio of 48.96, a P/E/G ratio of 0.25 and a beta of 0.64. CNX Resources Corporation. has a one year low of $26.50 and a one year high of $41.93.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CNX shares. TD Cowen raised CNX Resources to a “hold” rating in a research note on Monday, July 7th. Barclays started coverage on CNX Resources in a research note on Monday, July 7th. They set an “equal weight” rating and a $33.00 price target on the stock. Piper Sandler cut their price target on CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Thursday, August 14th. Mizuho lifted their price target on CNX Resources from $35.00 to $36.00 and gave the company an “underperform” rating in a research note on Tuesday, May 13th. Finally, Scotiabank reissued a “sector perform” rating and set a $35.00 price target (up from $33.00) on shares of CNX Resources in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $31.77.

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.