Vanguard Group Inc. Increases Holdings in CNX Resources Corporation. (NYSE:CNX)

Vanguard Group Inc. raised its stake in shares of CNX Resources Corporation. (NYSE:CNX) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,952,281 shares of the oil and gas producer’s stock after buying an additional 665,289 shares during the quarter. Vanguard Group Inc. owned about 0.11% of CNX Resources worth $502,178,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in CNX Resources during the first quarter valued at $718,000. Principal Financial Group Inc. raised its stake in CNX Resources by 1.6% during the first quarter. Principal Financial Group Inc. now owns 472,300 shares of the oil and gas producer’s stock valued at $14,868,000 after buying an additional 7,440 shares during the last quarter. Bridges Investment Management Inc. raised its stake in CNX Resources by 111.3% during the first quarter. Bridges Investment Management Inc. now owns 44,673 shares of the oil and gas producer’s stock valued at $1,406,000 after buying an additional 23,531 shares during the last quarter. Farther Finance Advisors LLC raised its stake in CNX Resources by 21.0% during the first quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer’s stock valued at $93,000 after buying an additional 508 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of CNX Resources by 25.0% in the first quarter. KBC Group NV now owns 7,768 shares of the oil and gas producer’s stock worth $245,000 after purchasing an additional 1,552 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Performance

Shares of CNX opened at $28.71 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30. CNX Resources Corporation. has a one year low of $25.88 and a one year high of $41.93. The firm has a market capitalization of $4.06 billion, a P/E ratio of 48.65, a PEG ratio of 0.25 and a beta of 0.64. The business has a fifty day moving average of $32.06 and a 200 day moving average of $30.99.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CNX shares. Piper Sandler decreased their price target on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Thursday. Scotiabank restated a “sector perform” rating and issued a $35.00 price target (up previously from $33.00) on shares of CNX Resources in a research note on Friday, July 11th. Cowen restated a “hold” rating on shares of CNX Resources in a research note on Friday, April 25th. Mizuho boosted their price target on CNX Resources from $35.00 to $36.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 13th. Finally, Barclays started coverage on CNX Resources in a research note on Monday, July 7th. They issued an “equal weight” rating and a $33.00 price target for the company. Eight analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, CNX Resources has a consensus rating of “Hold” and an average target price of $31.77.

CNX Resources 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.