Aureus Asset Management LLC Purchases 15,713 Shares of CNX Resources Corporation. $CNX

Aureus Asset Management LLC raised its position in CNX Resources Corporation. (NYSE:CNX) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 701,410 shares of the oil and gas producer’s stock after acquiring an additional 15,713 shares during the quarter. CNX Resources makes up 1.6% of Aureus Asset Management LLC’s portfolio, making the stock its 23rd biggest holding. Aureus Asset Management LLC owned 0.49% of CNX Resources worth $25,791,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CNX. Capital Research Global Investors lifted its holdings in CNX Resources by 38.6% in the third quarter. Capital Research Global Investors now owns 3,950,000 shares of the oil and gas producer’s stock valued at $126,874,000 after acquiring an additional 1,100,000 shares during the period. Balyasny Asset Management L.P. lifted its holdings in CNX Resources by 601.8% in the third quarter. Balyasny Asset Management L.P. now owns 1,105,456 shares of the oil and gas producer’s stock valued at $35,507,000 after acquiring an additional 947,931 shares during the period. Goldman Sachs Group Inc. lifted its holdings in CNX Resources by 45.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,021,403 shares of the oil and gas producer’s stock valued at $74,327,000 after acquiring an additional 633,539 shares during the period. AQR Capital Management LLC increased its position in CNX Resources by 112.2% in the second quarter. AQR Capital Management LLC now owns 1,007,486 shares of the oil and gas producer’s stock worth $33,932,000 after buying an additional 532,770 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in CNX Resources in the fourth quarter worth about $16,792,000. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Mizuho reduced their price target on CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Tudor Pickering upgraded CNX Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings cut CNX Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Truist Financial assumed coverage on CNX Resources in a research report on Tuesday, March 24th. They issued a “sell” rating and a $35.00 price target for the company. Finally, Barclays reduced their price target on CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $35.44.

CNX Resources Price Performance

Shares of CNX Resources stock opened at $32.95 on Thursday. The stock has a 50 day moving average of $36.21 and a 200 day moving average of $37.92. CNX Resources Corporation. has a 12 month low of $27.72 and a 12 month high of $43.62. The firm has a market cap of $4.66 billion, a PE ratio of 4.58 and a beta of 0.58. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling

In related news, Director William N. Thorndike, Jr. sold 28,800 shares of the stock in a transaction that occurred 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 approximately $16,316,876.25. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maureen Lally-Green sold 23,631 shares of CNX Resources stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $39.52, for a total value of $933,897.12. Following the completion of the transaction, the director owned 169,577 shares of the company’s stock, valued at approximately $6,701,683.04. This trade represents a 12.23% decrease in their position. The SEC filing for this sale provides additional information. 5.03% of the stock is currently owned by corporate insiders.

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.