LPL Financial LLC Has $1.88 Million Holdings in CNX Resources Co. (NYSE:CNX)

LPL Financial LLC cut its position in CNX Resources Co. (NYSE:CNX – Get Rating) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,355 shares of the oil and gas producer’s stock after selling 1,813 shares during the period. LPL Financial LLC’s holdings in CNX Resources were worth $1,875,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ronald Blue Trust Inc. grew its stake in shares of 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 valued at $40,000 after purchasing an additional 1,755 shares during the last quarter. IFP Advisors Inc lifted 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 valued at $52,000 after buying an additional 1,571 shares during the period. Allspring Global Investments Holdings LLC raised its holdings 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 worth $54,000 after purchasing an additional 727 shares during the period. Rockefeller Capital Management L.P. raised its holdings in CNX Resources by 89.0% in the third quarter. Rockefeller Capital Management L.P. now owns 6,322 shares of the oil and gas producer’s stock worth $97,000 after purchasing an additional 2,977 shares during the period. Finally, Captrust Financial Advisors raised its holdings in CNX Resources by 12.4% in the second quarter. Captrust Financial Advisors now owns 9,786 shares of the oil and gas producer’s stock worth $161,000 after purchasing an additional 1,080 shares during the period. 93.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CNX has been the topic of a number of research analyst reports. Piper Sandler dropped their price objective on shares of CNX Resources from $17.00 to $16.00 in a report on Thursday, May 18th. Truist Financial raised their target price on shares of CNX Resources from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Mizuho lifted their price objective on shares of CNX Resources from $16.00 to $17.00 in a research report on Friday, May 19th. Stephens assumed coverage on shares of CNX Resources in a report on Monday, April 24th. They set an “equal weight” rating and a $17.00 target price for the company. Finally, StockNews.com initiated coverage on shares of CNX Resources in a report on Thursday, May 18th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.50.

CNX Resources Price Performance

Shares of NYSE:CNX opened at $16.15 on Wednesday. The firm has a 50 day moving average of $15.70 and a 200-day moving average of $16.24. The stock has a market capitalization of $2.67 billion, a PE ratio of 2.26, a PEG ratio of 1.43 and a beta of 1.32. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.62. CNX Resources Co. has a 12 month low of $14.36 and a 12 month high of $24.21.

About CNX Resources

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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.