QRG Capital Management Inc. Has $3.09 Million Stock Position in CNX Resources Co. (NYSE:CNX)

QRG Capital Management Inc. cut its holdings in CNX Resources Co. (NYSE:CNX) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,661 shares of the oil and gas producer’s stock after selling 2,209 shares during the quarter. QRG Capital Management Inc. owned 0.10% of CNX Resources worth $3,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNX. Invesco Ltd. lifted its position in shares of CNX Resources by 11.7% during the 3rd quarter. Invesco Ltd. now owns 3,587,664 shares of the oil and gas producer’s stock valued at $81,009,000 after acquiring an additional 376,245 shares during the period. American Century Companies Inc. raised its holdings in shares of CNX Resources by 11.2% during the third quarter. American Century Companies Inc. now owns 2,154,145 shares of the oil and gas producer’s stock valued at $48,641,000 after purchasing an additional 217,753 shares during the period. LSV Asset Management boosted its position in shares of CNX Resources by 223.4% during the 4th quarter. LSV Asset Management now owns 1,489,353 shares of the oil and gas producer’s stock worth $29,787,000 after purchasing an additional 1,028,805 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of CNX Resources by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,455,350 shares of the oil and gas producer’s stock valued at $29,107,000 after buying an additional 9,356 shares during the period. Finally, Brandywine Global Investment Management LLC increased its position in CNX Resources by 5.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 927,237 shares of the oil and gas producer’s stock valued at $20,937,000 after buying an additional 44,690 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Timothy Scott Bedard acquired 1,226 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average cost of $20.50 per share, for a total transaction of $25,133.00. Following the purchase, the executive vice president now owns 1,226 shares of the company’s stock, valued at approximately $25,133. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CNX shares. Truist Financial increased their price target on CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Piper Sandler lifted their price target on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. Scotiabank upped their price objective on shares of CNX Resources from $20.00 to $25.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 11th. Mizuho lifted their price objective on shares of CNX Resources from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Monday. Finally, Roth Mkm upped their target price on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.00.

CNX Resources Trading Up 0.9 %

NYSE:CNX opened at $23.46 on Tuesday. The firm’s 50 day moving average is $23.21 and its 200 day moving average is $21.46. CNX Resources Co. has a 12 month low of $15.08 and a 12 month high of $24.82. The stock has a market capitalization of $3.60 billion, a PE ratio of 4.25 and a beta of 1.36. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45.

CNX Resources Company 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.