Janney Montgomery Scott LLC Has $2.09 Million Stock Position in CNX Resources Corporation. $CNX

Janney Montgomery Scott LLC trimmed its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,061 shares of the oil and gas producer’s stock after selling 4,083 shares during the period. Janney Montgomery Scott LLC’s holdings in CNX Resources were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in CNX Resources by 4.4% during the first quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer’s stock valued at $502,178,000 after buying an additional 665,289 shares during the period. Southeast Asset Advisors LLC raised its position in CNX Resources by 6.3% during the first quarter. Southeast Asset Advisors LLC now owns 2,408,025 shares of the oil and gas producer’s stock valued at $75,805,000 after buying an additional 141,819 shares during the period. Adage Capital Partners GP L.L.C. raised its position in CNX Resources by 514.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,200,000 shares of the oil and gas producer’s stock valued at $37,776,000 after buying an additional 1,004,545 shares during the period. Nuveen LLC acquired a new position in CNX Resources during the first quarter valued at $35,567,000. Finally, Assetmark Inc. raised its position in CNX Resources by 0.4% during the first quarter. Assetmark Inc. now owns 889,407 shares of the oil and gas producer’s stock valued at $27,999,000 after buying an additional 3,978 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Price Performance

Shares of CNX stock opened at $31.93 on Friday. The stock has a 50 day moving average of $30.20 and a two-hundred day moving average of $31.18. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. CNX Resources Corporation. has a 12 month low of $27.00 and a 12 month high of $41.93. The company has a market capitalization of $4.52 billion, a P/E ratio of 54.12, a P/E/G ratio of 0.30 and a beta of 0.55.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CNX shares. Piper Sandler dropped their target price on CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Thursday, August 14th. Scotiabank upped their target price on CNX Resources from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Thursday. Siebert Williams Shank started coverage on CNX Resources in a research report on Monday, September 15th. They issued a “hold” rating and a $32.00 target price on the stock. Barclays dropped their target price on CNX Resources from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Zacks Research lowered CNX Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $31.92.

CNX Resources 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.