CNX Resources Corporation. $CNX Shares Purchased by US Bancorp DE

US Bancorp DE grew its stake in shares of CNX Resources Corporation. (NYSE:CNX) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,944 shares of the oil and gas producer’s stock after purchasing an additional 477 shares during the quarter. US Bancorp DE’s holdings in CNX Resources were worth $874,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in CNX Resources during the first quarter valued at approximately $718,000. Principal Financial Group Inc. grew its holdings in shares of CNX Resources by 1.6% during the first quarter. Principal Financial Group Inc. now owns 472,300 shares of the oil and gas producer’s stock valued at $14,868,000 after purchasing an additional 7,440 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of CNX Resources by 59.7% during the first quarter. HighTower Advisors LLC now owns 46,592 shares of the oil and gas producer’s stock valued at $1,467,000 after purchasing an additional 17,424 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in shares of CNX Resources by 111.3% during the first quarter. Bridges Investment Management Inc. now owns 44,673 shares of the oil and gas producer’s stock valued at $1,406,000 after purchasing an additional 23,531 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of CNX Resources by 25.0% during the first quarter. KBC Group NV now owns 7,768 shares of the oil and gas producer’s stock valued at $245,000 after purchasing an additional 1,552 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Stock Up 0.7%

Shares of CNX opened at $32.03 on Friday. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 54.28, a P/E/G ratio of 0.31 and a beta of 0.55. The company has a quick ratio of 0.30, a current ratio of 0.33 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 50-day moving average price of $30.50 and a two-hundred day moving average price of $31.19.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CNX shares. Scotiabank increased their price objective on CNX Resources from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Barclays cut their price objective on CNX Resources from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Piper Sandler reduced their target price on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Thursday, August 14th. Siebert Williams Shank began coverage on CNX Resources in a report on Monday, September 15th. They set a “hold” rating and a $32.00 price objective for the company. Finally, TD Cowen upgraded CNX Resources to a “hold” rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $32.50.

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.