Russell Investments Group Ltd. Has $5.71 Million Position in CNX Resources Co. (NYSE:CNX)

Russell Investments Group Ltd. decreased its holdings in shares of CNX Resources Co. (NYSE:CNX) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,451 shares of the oil and gas producer’s stock after selling 18,957 shares during the period. Russell Investments Group Ltd. owned 0.18% of CNX Resources worth $5,710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Teza Capital Management LLC boosted its position in shares of CNX Resources by 0.5% during the 3rd quarter. Teza Capital Management LLC now owns 111,206 shares of the oil and gas producer’s stock valued at $2,511,000 after purchasing an additional 522 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of CNX Resources by 30.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,540 shares of the oil and gas producer’s stock valued at $57,000 after purchasing an additional 590 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of CNX Resources during the 3rd quarter valued at about $26,000. Wedge Capital Management L L P NC boosted its position in shares of CNX Resources by 0.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 290,261 shares of the oil and gas producer’s stock valued at $5,805,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Adirondack Trust Co. bought a new stake in shares of CNX Resources during the 3rd quarter valued at about $54,000. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CNX shares. Truist Financial upped their target price on CNX Resources from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Roth Mkm upped their target price on CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Scotiabank lifted their price target on shares of CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Thursday, April 11th. Piper Sandler lifted their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, April 19th. Finally, Mizuho upped their target price on shares of CNX Resources from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.43.

CNX Resources Stock Performance

NYSE CNX opened at $23.68 on Friday. The company has a fifty day moving average price of $23.13 and a 200-day moving average price of $21.46. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 4.29 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.

Insiders Place Their Bets

In other news, EVP Timothy Scott Bedard sold 1,226 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $20.83, for a total value of $25,537.58. Following the transaction, the executive vice president now 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 is available through this link. 4.65% of the stock is currently owned by insiders.

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.