Caxton Associates LLP Raises Stock Holdings in CNX Resources Corporation. $CNX

Caxton Associates LLP raised its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 99.1% in the first quarter, Holdings Channel.com reports. The firm owned 155,831 shares of the oil and gas producer’s stock after buying an additional 77,571 shares during the period. Caxton Associates LLP’s holdings in CNX Resources were worth $6,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pullen Investment Management LLC boosted its stake in CNX Resources by 76.3% in the fourth quarter. Pullen Investment Management LLC now owns 68,083 shares of the oil and gas producer’s stock valued at $2,503,000 after acquiring an additional 29,469 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CNX Resources by 3,227.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 90,603 shares of the oil and gas producer’s stock valued at $3,331,000 after purchasing an additional 87,880 shares during the period. SG Americas Securities LLC boosted its position in shares of CNX Resources by 408.1% in the 4th quarter. SG Americas Securities LLC now owns 179,127 shares of the oil and gas producer’s stock worth $6,586,000 after purchasing an additional 143,870 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of CNX Resources by 98.4% during the first quarter. Principal Financial Group Inc. now owns 579,120 shares of the oil and gas producer’s stock worth $22,325,000 after purchasing an additional 287,240 shares during the period. Finally, Dorsey Wright & Associates bought a new stake in CNX Resources in the fourth quarter valued at about $5,498,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial upgraded CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a research report on Wednesday, July 15th. Tudor Pickering raised shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Mizuho lowered their target price on shares of CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Barclays cut their target price on shares of CNX Resources from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. Finally, Morgan Stanley reduced their price target on shares of CNX Resources from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $35.44.

Insider Buying and Selling at CNX Resources

In other news, Director William N. Thorndike, Jr. sold 28,800 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $38.25, for a total value of $1,101,600.00. Following the sale, the director owned 426,585 shares of the company’s stock, valued at $16,316,876.25. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.03% of the stock is owned by corporate insiders.

CNX Resources Stock Down 0.6%

Shares of CNX stock opened at $34.43 on Friday. CNX Resources Corporation. has a 12-month low of $27.72 and a 12-month high of $43.62. 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 firm has a fifty day moving average of $33.76 and a 200-day moving average of $36.99. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 4.78 and a beta of 0.59.

About CNX Resources

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.