Aureus Asset Management LLC Increases Stock Holdings in CNX Resources Corporation. $CNX

Aureus Asset Management LLC lifted its stake in CNX Resources Corporation. (NYSE:CNX) by 2.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 701,410 shares of the oil and gas producer’s stock after buying an additional 15,713 shares during the period. CNX Resources comprises about 1.6% of Aureus Asset Management LLC’s holdings, making the stock its 23rd biggest position. Aureus Asset Management LLC’s holdings in CNX Resources were worth $25,791,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNX. State of Wyoming bought a new stake in shares of CNX Resources during the 2nd quarter worth approximately $29,000. Smartleaf Asset Management LLC lifted its stake in shares of CNX Resources by 56.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 810 shares of the oil and gas producer’s stock worth $30,000 after acquiring an additional 293 shares during the last quarter. Caitlin John LLC bought a new stake in shares of CNX Resources during the 3rd quarter worth approximately $31,000. Los Angeles Capital Management LLC bought a new stake in shares of CNX Resources during the 4th quarter worth approximately $34,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of CNX Resources during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insiders Place Their Bets

In other CNX Resources news, Director Maureen Lally-Green sold 23,631 shares of CNX Resources stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $39.52, for a total transaction of $933,897.12. Following the completion of the sale, the director directly owned 169,577 shares of the company’s stock, valued at $6,701,683.04. The trade was a 12.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William N. Thorndike, Jr. sold 28,800 shares of CNX Resources stock in a transaction on Monday, May 4th. The shares were sold at an average price of $38.25, for a total value of $1,101,600.00. Following the sale, the director directly owned 426,585 shares of the company’s stock, valued at approximately $16,316,876.25. This trade represents a 6.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 5.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CNX shares. Morgan Stanley reissued an “underweight” rating on shares of CNX Resources in a research note on Friday, March 27th. Weiss Ratings lowered CNX Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Zacks Research lowered CNX Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Mizuho decreased their price target on CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Finally, Truist Financial initiated coverage on CNX Resources in a research note on Tuesday, March 24th. They set a “sell” rating and a $35.00 price target for the company. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $35.44.

CNX Resources Trading Down 1.3%

Shares of NYSE CNX opened at $32.95 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $36.21 and a two-hundred day simple moving average of $37.92. The firm has a market cap of $4.66 billion, a PE ratio of 4.58 and a beta of 0.58. CNX Resources Corporation. has a twelve month low of $27.72 and a twelve month high of $43.62.

CNX Resources Profile

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.