Mutual of America Capital Management LLC Has $2.42 Million Position in CNX Resources Corporation. $CNX

Mutual of America Capital Management LLC lessened its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,972 shares of the oil and gas producer’s stock after selling 4,633 shares during the period. Mutual of America Capital Management LLC’s holdings in CNX Resources were worth $2,424,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Nuveen LLC acquired a new position in shares of CNX Resources in the first quarter valued at approximately $35,567,000. Adage Capital Partners GP L.L.C. lifted its position in CNX Resources by 514.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,200,000 shares of the oil and gas producer’s stock valued at $37,776,000 after acquiring an additional 1,004,545 shares in the last quarter. Vanguard Group Inc. boosted its stake in CNX Resources by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer’s stock worth $502,178,000 after purchasing an additional 665,289 shares during the period. Corigliano Investment Advisers LLC bought a new position in CNX Resources during the 1st quarter worth about $16,151,000. Finally, Trexquant Investment LP bought a new position in CNX Resources during the 1st quarter worth about $14,077,000. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CNX. Piper Sandler reduced their price objective on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a research report on Thursday, August 14th. Mizuho upped their price target on CNX Resources from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Siebert Williams Shank began coverage on shares of CNX Resources in a research note on Monday, September 15th. They set a “hold” rating and a $32.00 price target for the company. Barclays cut their price objective on shares of CNX Resources from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Finally, Scotiabank raised their target price on shares of CNX Resources from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $32.50.

CNX Resources Trading Down 0.3%

Shares of CNX stock opened at $32.65 on Friday. The stock has a market cap of $4.62 billion, a P/E ratio of 55.35, a price-to-earnings-growth ratio of 0.35 and a beta of 0.55. CNX Resources Corporation. has a 1 year low of $27.00 and a 1 year high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $30.85 and a 200 day simple moving average of $31.28.

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.