CNX Resources Corporation. $CNX Shares Acquired by Capital Management Corp VA

Capital Management Corp VA lifted its position in CNX Resources Corporation. (NYSE:CNX) by 0.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 361,267 shares of the oil and gas producer’s stock after acquiring an additional 3,011 shares during the period. CNX Resources accounts for 2.1% of Capital Management Corp VA’s investment portfolio, making the stock its 21st biggest holding. Capital Management Corp VA’s holdings in CNX Resources were worth $12,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of CNX Resources in the second quarter worth about $32,000. Sound Income Strategies LLC acquired a new position in CNX Resources in the 1st quarter worth approximately $63,000. Farther Finance Advisors LLC raised its position in CNX Resources by 21.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer’s stock worth $93,000 after buying an additional 508 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in CNX Resources during the 2nd quarter worth approximately $115,000. Finally, CWM LLC lifted its stake in CNX Resources by 26.0% during the 2nd quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock valued at $115,000 after acquiring an additional 703 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

CNX has been the topic of a number of research reports. TD Cowen upgraded shares of CNX Resources to a “hold” rating in a research note on Monday, July 7th. Morgan Stanley lowered their price target on shares of CNX Resources from $32.00 to $31.00 and set an “underweight” rating on the stock in a report on Tuesday. Mizuho lifted their price objective on CNX Resources from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday. Barclays lowered their target price on CNX Resources from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Finally, Siebert Williams Shank initiated coverage on CNX Resources in a report on Monday, September 15th. They set a “hold” rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $32.50.

CNX Resources Stock Down 2.4%

Shares of CNX opened at $31.84 on Wednesday. The firm has a market cap of $4.50 billion, a P/E ratio of 53.97, a PEG ratio of 0.30 and a beta of 0.55. CNX Resources Corporation. has a 12 month low of $27.00 and a 12 month high of $41.93. The stock’s 50 day moving average is $30.33 and its two-hundred day moving average is $31.18. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56.

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.