Y Intercept Hong Kong Ltd Takes $3.78 Million Position in CNX Resources Corporation. $CNX

Y Intercept Hong Kong Ltd bought a new stake in CNX Resources Corporation. (NYSE:CNX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 112,342 shares of the oil and gas producer’s stock, valued at approximately $3,784,000. Y Intercept Hong Kong Ltd owned 0.08% of CNX Resources as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in shares of CNX Resources during the second quarter worth $32,000. CWM LLC grew its stake in shares of CNX Resources by 26.0% during the second quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock worth $115,000 after purchasing an additional 703 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of CNX Resources during the second quarter worth $115,000. GAMMA Investing LLC grew its stake in shares of CNX Resources by 11.5% during the second quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock worth $127,000 after purchasing an additional 389 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of CNX Resources by 30.9% during the second quarter. Farther Finance Advisors LLC now owns 3,838 shares of the oil and gas producer’s stock worth $129,000 after purchasing an additional 907 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

CNX Resources Stock Performance

CNX stock opened at $31.60 on Thursday. The business’s 50-day moving average price is $31.08 and its two-hundred day moving average price is $31.36. 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 firm has a market cap of $4.47 billion, a PE ratio of 53.55, a P/E/G 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CNX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CNX Resources in a research note on Tuesday, October 14th. Scotiabank lifted their price objective on CNX Resources from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Piper Sandler decreased their price objective on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Thursday, August 14th. Zacks Research cut CNX Resources from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, Siebert Williams Shank started coverage on CNX Resources in a research note on Monday, September 15th. They set a “hold” rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, CNX Resources presently has a consensus rating of “Reduce” and an average price target of $32.50.

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.