Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in CNX Resources Corporation. $CNX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in CNX Resources Corporation. (NYSE:CNX) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,184 shares of the oil and gas producer’s stock after buying an additional 1,605 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CNX Resources were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in CNX Resources by 11.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 389 shares during the period. Hodges Capital Management Inc. lifted its position in shares of CNX Resources by 6.2% during the first quarter. Hodges Capital Management Inc. now owns 6,900 shares of the oil and gas producer’s stock worth $217,000 after purchasing an additional 400 shares in the last quarter. Fox Run Management L.L.C. boosted its stake in shares of CNX Resources by 2.7% in the first quarter. Fox Run Management L.L.C. now owns 16,317 shares of the oil and gas producer’s stock valued at $514,000 after purchasing an additional 432 shares during the period. Pullen Investment Management LLC grew its holdings in shares of CNX Resources by 1.3% in the second quarter. Pullen Investment Management LLC now owns 33,068 shares of the oil and gas producer’s stock valued at $1,114,000 after purchasing an additional 435 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in CNX Resources by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 30,746 shares of the oil and gas producer’s stock worth $1,036,000 after buying an additional 462 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Trading Up 0.5%

NYSE:CNX opened at $36.94 on Friday. CNX Resources Corporation. has a 1 year low of $27.00 and a 1 year high of $41.93. The stock has a market cap of $4.98 billion, a P/E ratio of 62.61, a P/E/G ratio of 0.35 and a beta of 0.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. The stock has a 50-day simple moving average of $33.27 and a 200-day simple moving average of $32.02.

CNX Resources (NYSE:CNX) last posted its earnings results on Thursday, October 30th. The oil and gas producer reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.09. The firm had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $408.80 million. CNX Resources had a return on equity of 8.93% and a net margin of 9.70%.The business’s revenue was up 37.6% on a year-over-year basis. As a group, analysts anticipate that CNX Resources Corporation. will post 2.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays raised their price target on shares of CNX Resources from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Piper Sandler decreased their target price on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Thursday, August 14th. Scotiabank upped their price target on CNX Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday. Morgan Stanley reduced their price target on CNX Resources from $32.00 to $31.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CNX Resources in a research report on Monday, November 17th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $33.00.

About CNX Resources

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.