429,329 Shares in CNX Resources Corporation. $CNX Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of CNX Resources Corporation. (NYSE:CNX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 429,329 shares of the oil and gas producer’s stock, valued at approximately $15,786,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC grew its position in CNX Resources by 5,703.1% during the third quarter. AlphaQuest LLC now owns 63,022 shares of the oil and gas producer’s stock worth $2,024,000 after buying an additional 61,936 shares in the last quarter. American Century Companies Inc. grew its position in CNX Resources by 16.3% during the third quarter. American Century Companies Inc. now owns 3,236,441 shares of the oil and gas producer’s stock worth $103,954,000 after buying an additional 454,071 shares in the last quarter. Capital Management Corp VA grew its position in CNX Resources by 9.0% during the third quarter. Capital Management Corp VA now owns 393,671 shares of the oil and gas producer’s stock worth $12,645,000 after buying an additional 32,404 shares in the last quarter. Pullen Investment Management LLC grew its position in CNX Resources by 76.3% during the fourth quarter. Pullen Investment Management LLC now owns 68,083 shares of the oil and gas producer’s stock worth $2,503,000 after buying an additional 29,469 shares in the last quarter. Finally, Capital Research Global Investors grew its position in CNX Resources by 38.6% during the third quarter. Capital Research Global Investors now owns 3,950,000 shares of the oil and gas producer’s stock worth $126,874,000 after buying an additional 1,100,000 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Maureen Lally-Green sold 23,631 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $39.52, for a total value of $933,897.12. Following the completion of the sale, the director owned 169,577 shares of the company’s stock, valued at approximately $6,701,683.04. The trade was a 12.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William N. Thorndike, Jr. sold 28,800 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $38.25, for a total value of $1,101,600.00. Following the completion of the sale, the director directly owned 426,585 shares of the company’s stock, valued at approximately $16,316,876.25. This trade represents a 6.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.03% of the company’s stock.

CNX Resources Trading Up 0.1%

Shares of CNX stock opened at $35.36 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $38.63 and a two-hundred day moving average price of $38.30. CNX Resources Corporation. has a 12-month low of $27.72 and a 12-month high of $43.62. The firm has a market cap of $5.00 billion, a P/E ratio of 4.91 and a beta of 0.64.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Zacks Research lowered CNX Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Piper Sandler set a $26.00 price target on CNX Resources in a research note on Monday, February 2nd. Roth Mkm set a $35.00 price target on CNX Resources and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Barclays lifted their price target on CNX Resources from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Monday, March 16th. Finally, Truist Financial assumed coverage on CNX Resources in a research note on Tuesday, March 24th. They set a “sell” rating and a $35.00 price target for the company. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $35.67.

CNX Resources Profile

CNX Resources Corporation is a natural gas and natural gas liquids producer with operations concentrated in the Appalachian Basin. Established as an independent, publicly traded entity in 2018 following its spinoff from Consol Energy, the company focuses on the exploration, development and production of hydrocarbon resources in the Marcellus and Utica shales across Pennsylvania, West Virginia and Ohio.

In addition to its upstream activities, CNX Resources has invested in midstream infrastructure through its subsidiary that gathers, processes and transports natural gas.