CNX Resources Corporation. (NYSE:CNX) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in CNX Resources Corporation. (NYSE:CNX) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,328 shares of the oil and gas producer’s stock after acquiring an additional 562 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CNX Resources were worth $325,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNX. Raymond James Financial Inc. purchased a new position in shares of CNX Resources in the 4th quarter valued at about $14,268,000. Bessemer Group Inc. grew its position in CNX Resources by 131.5% during the fourth quarter. Bessemer Group Inc. now owns 926 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 526 shares during the period. First Trust Advisors LP increased its holdings in CNX Resources by 12.0% in the fourth quarter. First Trust Advisors LP now owns 645,591 shares of the oil and gas producer’s stock valued at $23,674,000 after buying an additional 69,280 shares in the last quarter. Capital Research Global Investors lifted its position in shares of CNX Resources by 31.8% during the 4th quarter. Capital Research Global Investors now owns 1,450,000 shares of the oil and gas producer’s stock valued at $53,172,000 after acquiring an additional 350,000 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of CNX Resources by 5.5% during the 4th quarter. MetLife Investment Management LLC now owns 168,910 shares of the oil and gas producer’s stock worth $6,194,000 after acquiring an additional 8,875 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Cowen raised CNX Resources to a “hold” rating in a report on Monday, July 7th. Cowen reaffirmed a “hold” rating on shares of CNX Resources in a research note on Friday, April 25th. Mizuho increased their price objective on shares of CNX Resources from $35.00 to $36.00 and gave the company an “underperform” rating in a research note on Tuesday, May 13th. Piper Sandler cut their target price on shares of CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a research report on Thursday. Finally, Barclays began coverage on shares of CNX Resources in a report on Monday, July 7th. They issued an “equal weight” rating and a $33.00 price target on the stock. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.77.

CNX Resources Price Performance

CNX opened at $28.81 on Friday. CNX Resources Corporation. has a 1 year low of $26.43 and a 1 year high of $41.93. The company’s 50 day simple moving average is $32.01 and its 200 day simple moving average is $31.00. The stock has a market capitalization of $4.07 billion, a PE ratio of 48.83, a P/E/G ratio of 0.25 and a beta of 0.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33.

About CNX Resources

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.