Dimensional Fund Advisors LP Increases Stock Position in CNX Resources Corporation. $CNX

Dimensional Fund Advisors LP raised its stake in shares of CNX Resources Corporation. (NYSE:CNX) by 0.3% in the first quarter, Holdings Channel.com reports. The fund owned 8,774,069 shares of the oil and gas producer’s stock after purchasing an additional 28,851 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of CNX Resources worth $338,260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CNX. Smartleaf Asset Management LLC lifted its holdings in shares of CNX Resources by 56.7% in 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. Farther Finance Advisors LLC boosted its position in shares of CNX Resources by 8.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,464 shares of the oil and gas producer’s stock worth $164,000 after purchasing an additional 353 shares during the period. Aigen Investment Management LP increased its holdings in CNX Resources by 4.9% in the 4th quarter. Aigen Investment Management LP now owns 7,619 shares of the oil and gas producer’s stock valued at $280,000 after purchasing an additional 354 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in CNX Resources by 3.2% in the 4th quarter. Arkadios Wealth Advisors now owns 13,028 shares of the oil and gas producer’s stock valued at $479,000 after purchasing an additional 400 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in CNX Resources by 18.8% in the 4th quarter. GAMMA Investing LLC now owns 3,821 shares of the oil and gas producer’s stock valued at $140,000 after purchasing an additional 606 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

CNX Resources Stock Performance

NYSE:CNX opened at $33.72 on Wednesday. CNX Resources Corporation. has a 52 week low of $27.72 and a 52 week high of $43.62. The company has a fifty day simple moving average of $33.81 and a two-hundred day simple moving average of $37.02. 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 company has a market cap of $4.77 billion, a price-to-earnings ratio of 4.68 and a beta of 0.59.

Analyst Upgrades and Downgrades

CNX has been the topic of a number of research reports. Weiss Ratings cut CNX Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Tudor Pickering raised CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Barclays cut their price objective on CNX Resources from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. Morgan Stanley decreased their target price on CNX Resources from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Monday, June 29th. Finally, Mizuho lowered their target price on CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $35.44.

Insider Transactions at CNX Resources

In related news, Director William N. Thorndike, Jr. sold 28,800 shares of the business’s stock in a transaction 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 transaction, the director directly owned 426,585 shares of the company’s stock, valued at $16,316,876.25. The trade was a 6.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.03% of the company’s stock.

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.