Aureus Asset Management LLC Boosts Stock Position in CNX Resources Corporation. $CNX

Aureus Asset Management LLC lifted its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 716,053 shares of the oil and gas producer’s stock after buying an additional 14,643 shares during the quarter. CNX Resources makes up approximately 1.8% of Aureus Asset Management LLC’s investment portfolio, making the stock its 22nd largest position. Aureus Asset Management LLC owned approximately 0.51% of CNX Resources worth $27,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Petra Financial Advisors Inc. increased its stake in shares of CNX Resources by 1.1% during the first quarter. Petra Financial Advisors Inc. now owns 55,393 shares of the oil and gas producer’s stock worth $2,135,000 after purchasing an additional 621 shares in the last quarter. First Trust Advisors LP raised its position in shares of CNX Resources by 81.9% during the 1st quarter. First Trust Advisors LP now owns 965,371 shares of the oil and gas producer’s stock worth $37,215,000 after purchasing an additional 434,620 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in CNX Resources by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,774,069 shares of the oil and gas producer’s stock valued at $338,260,000 after buying an additional 28,851 shares in the last quarter. Jennison Associates LLC purchased a new position in CNX Resources in the 1st quarter valued at about $644,000. Finally, Dorsey Wright & Associates boosted its holdings in CNX Resources by 64.9% in the 1st quarter. Dorsey Wright & Associates now owns 246,573 shares of the oil and gas producer’s stock worth $9,505,000 after buying an additional 97,051 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling at CNX Resources

In other news, Director William N. Thorndike, Jr. sold 28,800 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $38.25, for a total transaction of $1,101,600.00. Following the transaction, the director owned 426,585 shares of the company’s stock, valued at approximately $16,316,876.25. The trade was a 6.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.03% of the company’s stock.

Analyst Ratings Changes

CNX has been the subject of several research reports. Truist Financial upgraded CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research note on Wednesday, July 15th. Weiss Ratings lowered CNX Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Tudor Pickering raised CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Mizuho dropped their price target on CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Finally, Zacks Research downgraded CNX Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $35.44.

CNX Resources Stock Performance

NYSE CNX opened at $34.62 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.46 and a current ratio of 0.49. The stock’s fifty day moving average is $33.80 and its two-hundred day moving average is $37.00. The firm has a market capitalization of $4.90 billion, a P/E ratio of 4.81 and a beta of 0.59. CNX Resources Corporation. has a fifty-two week low of $27.72 and a fifty-two week high of $43.62.

About CNX Resources

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.