Texas Permanent School Fund cut its stake in CNX Resources Co. (NYSE:CNX – Get Rating) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 121,333 shares of the oil and gas producer’s stock after selling 14,918 shares during the period. Texas Permanent School Fund’s holdings in CNX Resources were worth $2,043,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNX. Ronald Blue Trust Inc. raised its stake in CNX Resources by 219.9% during the fourth quarter. Ronald Blue Trust Inc. now owns 2,553 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 1,755 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in CNX Resources during the third quarter worth approximately $43,000. IFP Advisors Inc increased its holdings in CNX Resources by 119.2% in the third quarter. IFP Advisors Inc now owns 2,889 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 1,571 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in CNX Resources by 29.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,190 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 727 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of CNX Resources by 89.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 6,322 shares of the oil and gas producer’s stock valued at $97,000 after acquiring an additional 2,977 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.
CNX Resources Trading Down 0.6 %
NYSE CNX opened at $15.41 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.55 billion, a P/E ratio of 2.15, a PEG ratio of 1.43 and a beta of 1.32. The business has a fifty day simple moving average of $15.67 and a 200 day simple moving average of $16.33. CNX Resources Co. has a 12 month low of $14.36 and a 12 month high of $24.21.
Wall Street Analysts Forecast Growth
CNX Resources Company Profile
CNX Resources Corp. engages in the exploration, development, production, and acquisition of natural gas properties in the Appalachian Basin. It operates through the following segments: Shale, Coalbed Methane, and Other Gas. The Shale segment refers to primary reserves, production, and capital investments.
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