Retirement Systems of Alabama Sells 4,275 Shares of CNX Resources Corporation. $CNX

Retirement Systems of Alabama trimmed its position in shares of CNX Resources Corporation. (NYSE:CNX) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,884 shares of the oil and gas producer’s stock after selling 4,275 shares during the period. Retirement Systems of Alabama’s holdings in CNX Resources were worth $5,957,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CNX. Ameritas Advisory Services LLC bought a new stake in CNX Resources during the second quarter valued at about $32,000. Public Employees Retirement System of Ohio bought a new stake in shares of CNX Resources in the second quarter valued at about $115,000. CWM LLC lifted its stake in shares of CNX Resources by 26.0% in the second quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock valued at $115,000 after buying an additional 703 shares during the period. GAMMA Investing LLC lifted its stake in shares of CNX Resources by 11.5% in the second quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock valued at $127,000 after buying an additional 389 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of CNX Resources by 30.9% in the second quarter. Farther Finance Advisors LLC now owns 3,838 shares of the oil and gas producer’s stock valued at $129,000 after buying an additional 907 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on CNX shares. Morgan Stanley lowered their price target on CNX Resources from $32.00 to $31.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 14th. Siebert Williams Shank started coverage on shares of CNX Resources in a report on Monday, September 15th. They issued a “hold” rating and a $32.00 price target for the company. Barclays raised their price target on CNX Resources from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday. Zacks Research downgraded CNX Resources from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Scotiabank raised their target price on CNX Resources from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. One 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 stock currently has an average rating of “Reduce” and a consensus price target of $32.67.

CNX Resources Price Performance

Shares of CNX stock opened at $34.51 on Tuesday. CNX Resources Corporation. has a 12-month low of $27.00 and a 12-month high of $41.93. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 58.48, a price-to-earnings-growth ratio of 0.35 and a beta of 0.55. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $31.37 and a 200-day moving average of $31.42.

CNX Resources Company 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.