Cetera Investment Advisers Acquires 1,959 Shares of CNX Resources Corporation. (NYSE:CNX)

Cetera Investment Advisers raised its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 12.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,145 shares of the oil and gas producer’s stock after acquiring an additional 1,959 shares during the quarter. Cetera Investment Advisers’ holdings in CNX Resources were worth $571,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Readystate Asset Management LP acquired a new stake in shares of CNX Resources in the 1st quarter valued at approximately $523,000. KLP Kapitalforvaltning AS boosted its holdings in shares of CNX Resources by 3.6% in the 1st quarter. KLP Kapitalforvaltning AS now owns 69,600 shares of the oil and gas producer’s stock valued at $2,191,000 after buying an additional 2,400 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CNX Resources in the 1st quarter valued at approximately $3,141,000. Victory Capital Management Inc. boosted its holdings in shares of CNX Resources by 75.6% in the 1st quarter. Victory Capital Management Inc. now owns 142,658 shares of the oil and gas producer’s stock valued at $4,491,000 after buying an additional 61,438 shares during the last quarter. Finally, Significant Wealth Partners LLC boosted its holdings in shares of CNX Resources by 26.1% in the 1st quarter. Significant Wealth Partners LLC now owns 9,798 shares of the oil and gas producer’s stock valued at $308,000 after buying an additional 2,028 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

CNX Resources Trading Up 0.3%

Shares of CNX Resources stock 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 has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 48.83, a P/E/G ratio of 0.25 and a beta of 0.64. The business has a fifty day simple moving average of $32.01 and a two-hundred day simple moving average of $31.00.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CNX shares. Cowen reissued a “hold” rating on shares of CNX Resources in a report on Friday, April 25th. TD Cowen raised CNX Resources to a “hold” rating in a report on Monday, July 7th. Barclays started coverage on CNX Resources in a report on Monday, July 7th. They issued an “equal weight” rating and a $33.00 price objective for the company. Piper Sandler cut their price objective on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Thursday. Finally, Scotiabank reissued a “sector perform” rating and issued a $35.00 price objective (up previously from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Eight investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CNX Resources currently has an average rating of “Hold” and a consensus price target 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.