CNX Resources Corporation. $CNX Shares Acquired by Cwm LLC

Cwm LLC raised its position in CNX Resources Corporation. (NYSE:CNX) by 26.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,405 shares of the oil and gas producer’s stock after buying an additional 703 shares during the quarter. Cwm LLC’s holdings in CNX Resources were worth $115,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in CNX Resources by 11.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 389 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of CNX Resources by 6.2% during the 1st quarter. Hodges Capital Management Inc. now owns 6,900 shares of the oil and gas producer’s stock worth $217,000 after purchasing an additional 400 shares during the last quarter. Fox Run Management L.L.C. boosted its stake in shares of CNX Resources by 2.7% during the 1st quarter. Fox Run Management L.L.C. now owns 16,317 shares of the oil and gas producer’s stock worth $514,000 after purchasing an additional 432 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of CNX Resources by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 30,746 shares of the oil and gas producer’s stock worth $1,036,000 after purchasing an additional 462 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of CNX Resources by 1.9% during the 2nd quarter. US Bancorp DE now owns 25,944 shares of the oil and gas producer’s stock worth $874,000 after purchasing an additional 477 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Trading Up 3.7%

Shares of CNX stock opened at $33.78 on Friday. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 57.26, a price-to-earnings-growth ratio of 0.35 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 fifty-two week low of $27.00 and a fifty-two week high of $41.93. The firm’s 50 day moving average price is $31.26 and its two-hundred day moving average price is $31.39.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNX. TD Cowen raised shares of CNX Resources to a “hold” rating in a research note on Monday, July 7th. Piper Sandler dropped their target price on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Thursday, August 14th. Scotiabank raised their target price on shares of CNX Resources from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Morgan Stanley decreased their target price on shares of CNX Resources from $32.00 to $31.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 14th. Finally, Siebert Williams Shank began coverage on shares of CNX Resources in a research report on Monday, September 15th. They issued a “hold” rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $32.67.

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.