Renaissance Technologies LLC Buys New Shares in CNX Resources Corporation. $CNX

Renaissance Technologies LLC bought a new position in CNX Resources Corporation. (NYSE:CNX) in the 1st quarter, Holdings Channel.com reports. The fund bought 463,116 shares of the oil and gas producer’s stock, valued at approximately $17,853,000.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in CNX Resources by 56.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 810 shares of the oil and gas producer’s stock valued at $30,000 after acquiring an additional 293 shares during the period. Farther Finance Advisors LLC lifted its position in shares of CNX Resources by 8.6% in the fourth quarter. Farther Finance Advisors LLC now owns 4,464 shares of the oil and gas producer’s stock valued at $164,000 after acquiring an additional 353 shares in the last quarter. Aigen Investment Management LP boosted its stake in shares of CNX Resources by 4.9% in the fourth quarter. Aigen Investment Management LP now owns 7,619 shares of the oil and gas producer’s stock worth $280,000 after acquiring an additional 354 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of CNX Resources by 3.2% in the fourth quarter. Arkadios Wealth Advisors now owns 13,028 shares of the oil and gas producer’s stock worth $479,000 after acquiring an additional 400 shares during the period. Finally, Petra Financial Advisors Inc. grew its position in shares of CNX Resources by 1.1% during the first quarter. Petra Financial Advisors Inc. now owns 55,393 shares of the oil and gas producer’s stock worth $2,135,000 after purchasing an additional 621 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Key CNX Resources News

Here are the key news stories impacting CNX Resources this week:

• Positive Sentiment: CNX reported second-quarter earnings of $1.32 per share, well above the approximately $0.60 analyst consensus. The company also highlighted an expected annual run rate of roughly $90 million from the 45Z tax credit and other environmental attributes, although Treasury guidance remains forthcoming. CNX Resources second-quarter earnings report
• Positive Sentiment: Management and analysts continue to point to rising natural-gas demand as a potential longer-term growth driver for CNX, supporting the company’s production and environmental-credit opportunities. Can CNX Resources capitalize on rising natural gas demand?
• Neutral Sentiment: The earnings preview articles had focused investor attention on whether CNX could beat expectations; the reported earnings beat helps validate that expectation, but the revenue performance was less encouraging. CNX Resources Q2 2026 earnings preview
• Negative Sentiment: Second-quarter revenue was $435 million, below the $475.16 million consensus and down 35.7% year over year. EPS also declined from $2.43 in the prior-year quarter, indicating that the headline earnings beat does not represent broad-based operating improvement. CNX Reports Second Quarter Results
• Negative Sentiment: Analyst sentiment remains cautious, with CNX receiving an average “Reduce” rating. This may limit upside despite its low valuation and the potential benefit from 45Z credits. CNX Resources receives average Reduce rating

Insider Transactions at CNX Resources

In other CNX Resources news, Director William N. Thorndike, Jr. sold 28,800 shares of CNX Resources stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $38.25, for a total value of $1,101,600.00. Following the sale, the director owned 426,585 shares of the company’s stock, valued at $16,316,876.25. The trade was a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.03% of the stock is currently owned by insiders.

CNX Resources Price Performance

NYSE:CNX opened at $34.60 on Friday. The business’s 50-day moving average is $33.55 and its 200 day moving average is $36.94. CNX Resources Corporation. has a 12 month low of $27.72 and a 12 month high of $43.62. The company has a market capitalization of $4.89 billion, a P/E ratio of 4.81 and a beta of 0.59. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.47.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Mizuho decreased their target price on CNX Resources from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings cut shares of CNX Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Morgan Stanley lowered their target price on shares of CNX Resources from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Monday, June 29th. Barclays dropped their target price on shares of CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Tuesday, May 26th. Finally, Truist Financial raised shares of CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a research note on Wednesday, July 15th. Nine investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CNX Resources has an average rating of “Reduce” and a consensus target price of $35.44.

About CNX Resources

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.