CNX Resources Corporation. $CNX Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its position in CNX Resources Corporation. (NYSE:CNX) by 26.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,498 shares of the oil and gas producer’s stock after selling 24,046 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in CNX Resources were worth $2,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio lifted its position in shares of CNX Resources by 27.2% during the 1st quarter. Strs Ohio now owns 11,700 shares of the oil and gas producer’s stock worth $451,000 after purchasing an additional 2,500 shares during the last quarter. Brown Miller Wealth Management LLC lifted its holdings in CNX Resources by 7.9% during the 1st quarter. Brown Miller Wealth Management LLC now owns 10,510 shares of the oil and gas producer’s stock worth $405,000 after buying an additional 771 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of CNX Resources by 11.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,186 shares of the oil and gas producer’s stock worth $2,474,000 after acquiring an additional 6,656 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of CNX Resources by 7.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 21,975 shares of the oil and gas producer’s stock valued at $847,000 after acquiring an additional 1,471 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of CNX Resources by 96.5% during the 1st quarter. Sterling Capital Management LLC now owns 14,837 shares of the oil and gas producer’s stock worth $572,000 after acquiring an additional 7,285 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Trading Down 0.3%

Shares of CNX Resources stock opened at $33.29 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.46 and a current ratio of 0.49. The company has a market capitalization of $4.71 billion, a P/E ratio of 4.62 and a beta of 0.59. CNX Resources Corporation. has a 1 year low of $27.72 and a 1 year high of $43.62. The company’s fifty day moving average is $34.71 and its two-hundred day moving average is $37.32.

Insider Transactions at CNX Resources

In other CNX Resources news, Director William N. Thorndike, Jr. sold 28,800 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $38.25, for a total transaction of $1,101,600.00. Following the completion of the sale, the director directly owned 426,585 shares of the company’s stock, valued at $16,316,876.25. This represents a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CNX. Barclays lowered their price target on CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, May 26th. Mizuho lowered their target price on shares of CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Tudor Pickering upgraded shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings downgraded shares of CNX Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Truist Financial initiated coverage on CNX Resources in a report on Tuesday, March 24th. They set a “sell” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $35.44.

CNX Resources Company 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.