Dimensional Fund Advisors LP Lowers Stock Holdings in CNX Resources Co. (NYSE:CNX)

Dimensional Fund Advisors LP lowered its position in shares of CNX Resources Co. (NYSE:CNXFree Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,471,400 shares of the oil and gas producer’s stock after selling 87,205 shares during the period. Dimensional Fund Advisors LP owned 8.48% of CNX Resources worth $269,431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNX. Algert Global LLC bought a new position in shares of CNX Resources in the 3rd quarter worth $350,000. QRG Capital Management Inc. bought a new stake in CNX Resources during the third quarter worth about $3,542,000. Comerica Bank purchased a new position in shares of CNX Resources in the 3rd quarter worth about $4,054,000. New York State Common Retirement Fund increased its position in shares of CNX Resources by 25.5% during the 4th quarter. New York State Common Retirement Fund now owns 104,131 shares of the oil and gas producer’s stock valued at $2,083,000 after purchasing an additional 21,131 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in CNX Resources by 444.1% in the 3rd quarter. Stifel Financial Corp now owns 137,247 shares of the oil and gas producer’s stock worth $3,099,000 after buying an additional 112,023 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Up 0.9 %

NYSE CNX opened at $23.46 on Tuesday. The business’s 50-day moving average is $23.21 and its 200 day moving average is $21.46. The stock has a market capitalization of $3.60 billion, a PE ratio of 4.25 and a beta of 1.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.51. CNX Resources Co. has a 1 year low of $15.08 and a 1 year high of $24.82.

Insider Transactions at CNX Resources

In other CNX Resources news, EVP Timothy Scott Bedard sold 1,226 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $20.83, for a total value of $25,537.58. Following the completion of the transaction, the executive vice president now directly owns 67,982 shares in the company, valued at approximately $1,416,065.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Roth Mkm increased their price target on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Mizuho lifted their target price on shares of CNX Resources from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Monday. Piper Sandler upped their price target on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. Scotiabank lifted their price objective on CNX Resources from $20.00 to $25.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 11th. Finally, Truist Financial increased their target price on CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, CNX Resources has an average rating of “Hold” and a consensus target price of $25.00.

Read Our Latest Analysis on CNX

CNX Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CNX Resources (NYSE:CNX)

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