CNX Resources Corporation. $CNX Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 25.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,661 shares of the oil and gas producer’s stock after selling 2,217 shares during the period. Truist Financial Corp’s holdings in CNX Resources were worth $224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CNX. Vanguard Group Inc. increased its holdings in shares of CNX Resources by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer’s stock worth $502,178,000 after acquiring an additional 665,289 shares during the period. Southeast Asset Advisors LLC increased its holdings in shares of CNX Resources by 6.3% in the 1st quarter. Southeast Asset Advisors LLC now owns 2,408,025 shares of the oil and gas producer’s stock worth $75,805,000 after acquiring an additional 141,819 shares during the period. Adage Capital Partners GP L.L.C. increased its holdings in shares of CNX Resources by 514.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,200,000 shares of the oil and gas producer’s stock worth $37,776,000 after acquiring an additional 1,004,545 shares during the period. Nuveen LLC acquired a new stake in shares of CNX Resources in the 1st quarter worth about $35,567,000. Finally, Assetmark Inc. increased its holdings in shares of CNX Resources by 0.4% in the 1st quarter. Assetmark Inc. now owns 889,407 shares of the oil and gas producer’s stock worth $27,999,000 after acquiring an additional 3,978 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Trading Up 0.7%

Shares of CNX stock opened at $32.03 on Friday. CNX Resources Corporation. has a 12 month low of $27.00 and a 12 month high of $41.93. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $30.50 and its two-hundred day moving average is $31.19. The company has a market cap of $4.53 billion, a PE ratio of 54.28, a price-to-earnings-growth ratio of 0.31 and a beta of 0.55.

Analysts Set New Price Targets

CNX has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on shares of CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a research report on Thursday, August 14th. Mizuho increased their target price on shares of CNX Resources from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Barclays decreased their target price on shares of 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. Scotiabank raised their price objective on shares of CNX Resources from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Finally, Zacks Research lowered shares of CNX Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, CNX Resources presently has an average rating of “Reduce” and an average price target of $32.50.

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.