Midwest Professional Planners LTD. Lowers Stock Holdings in CNX Resources Corporation. (NYSE:CNX)

Midwest Professional Planners LTD. cut its holdings in CNX Resources Corporation. (NYSE:CNXFree Report) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 25,874 shares of the oil and gas producer’s stock after selling 487 shares during the quarter. Midwest Professional Planners LTD.’s holdings in CNX Resources were worth $815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of CNX Resources in the first quarter valued at $718,000. Principal Financial Group Inc. increased its stake in CNX Resources by 1.6% during the first quarter. Principal Financial Group Inc. now owns 472,300 shares of the oil and gas producer’s stock worth $14,868,000 after acquiring an additional 7,440 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of CNX Resources by 21.0% in the first quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer’s stock valued at $93,000 after buying an additional 508 shares in the last quarter. KBC Group NV grew its stake in shares of CNX Resources by 25.0% in the first quarter. KBC Group NV now owns 7,768 shares of the oil and gas producer’s stock valued at $245,000 after buying an additional 1,552 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its stake in shares of CNX Resources by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 44,673 shares of the oil and gas producer’s stock valued at $1,406,000 after buying an additional 23,531 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CNX Resources

In related news, Director J. Palmer Clarkson bought 10,000 shares of CNX Resources stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $31.20 per share, with a total value of $312,000.00. Following the transaction, the director directly owned 245,433 shares of the company’s stock, valued at approximately $7,657,509.60. The trade was a 4.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

CNX Resources Price Performance

CNX stock opened at $35.23 on Tuesday. The company’s fifty day simple moving average is $32.43 and its 200 day simple moving average is $31.10. CNX Resources Corporation. has a 12-month low of $23.85 and a 12-month high of $41.93. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of -17.10, a PEG ratio of 0.33 and a beta of 0.66. The company has a quick ratio of 0.25, a current ratio of 0.27 and a debt-to-equity ratio of 0.63.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho raised their price objective on CNX Resources from $35.00 to $36.00 and gave the company an “underperform” rating in a research note on Tuesday, May 13th. TD Cowen raised CNX Resources to a “hold” rating in a report on Monday, July 7th. Morgan Stanley reaffirmed an “underweight” rating and set a $31.00 target price on shares of CNX Resources in a research note on Tuesday, April 15th. Piper Sandler boosted their price objective on CNX Resources from $21.00 to $25.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 13th. Finally, Bank of America dropped their price objective on CNX Resources from $32.00 to $27.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 1st. Eight research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.85.

Check Out Our Latest Research Report on CNX Resources

CNX Resources Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CNX Resources (NYSE:CNX)

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