Capital Management Corp VA Raises Holdings in CNX Resources Corporation. $CNX

Capital Management Corp VA lifted its position in shares of CNX Resources Corporation. (NYSE:CNX) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 361,267 shares of the oil and gas producer’s stock after buying an additional 3,011 shares during the quarter. CNX Resources makes up 2.1% of Capital Management Corp VA’s holdings, making the stock its 21st largest holding. Capital Management Corp VA owned about 0.25% of CNX Resources worth $12,167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in CNX Resources by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer’s stock worth $502,178,000 after acquiring an additional 665,289 shares in the last quarter. Southeast Asset Advisors LLC lifted its position in shares of CNX Resources by 6.3% in the 1st quarter. Southeast Asset Advisors LLC now owns 2,408,025 shares of the oil and gas producer’s stock worth $75,805,000 after purchasing an additional 141,819 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in shares of CNX Resources by 514.0% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,200,000 shares of the oil and gas producer’s stock valued at $37,776,000 after purchasing an additional 1,004,545 shares in the last quarter. Nuveen LLC bought a new position in shares of CNX Resources during the first quarter valued at approximately $35,567,000. Finally, Assetmark Inc. increased its holdings in CNX Resources by 0.4% during the first quarter. Assetmark Inc. now owns 889,407 shares of the oil and gas producer’s stock valued at $27,999,000 after buying an additional 3,978 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CNX has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of CNX Resources in a report on Tuesday. TD Cowen raised CNX Resources to a “hold” rating in a research report on Monday, July 7th. Barclays dropped their price objective on CNX Resources from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Morgan Stanley reduced their target price on shares of CNX Resources from $32.00 to $31.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, Zacks Research lowered shares of CNX Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $32.50.

CNX Resources Trading Down 2.4%

Shares of NYSE:CNX opened at $31.84 on Wednesday. The business’s 50-day moving average is $30.33 and its 200 day moving average is $31.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30. CNX Resources Corporation. has a 1 year low of $27.00 and a 1 year high of $41.93. The firm has a market capitalization of $4.50 billion, a P/E ratio of 53.97, a P/E/G ratio of 0.30 and a beta of 0.55.

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.