QRG Capital Management Inc. Sells 109,896 Shares of CNX Resources Corporation. $CNX

QRG Capital Management Inc. reduced its stake in CNX Resources Corporation. (NYSE:CNX) by 56.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,708 shares of the oil and gas producer’s stock after selling 109,896 shares during the period. QRG Capital Management Inc. owned 0.06% of CNX Resources worth $2,819,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in CNX Resources by 3,220.4% in the first quarter. GAMMA Investing LLC now owns 106,119 shares of the oil and gas producer’s stock worth $3,371,000 after purchasing an additional 102,923 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of CNX Resources by 59.7% in the 1st quarter. UMB Bank n.a. now owns 2,062 shares of the oil and gas producer’s stock worth $65,000 after buying an additional 771 shares during the period. Farther Finance Advisors LLC grew its position in shares of CNX Resources by 21.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer’s stock worth $93,000 after buying an additional 508 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of CNX Resources during the first quarter valued at $61,000. Finally, SG Americas Securities LLC bought a new stake in shares of CNX Resources in the first quarter valued at about $667,000. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler dropped their target price on shares of CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Thursday, August 14th. Mizuho raised shares of CNX Resources from an “underperform” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $34.00 in a research report on Monday, September 15th. Barclays began coverage on shares of CNX Resources in a research note on Monday, July 7th. They set an “equal weight” rating and a $33.00 price objective on the stock. Scotiabank reissued a “sector perform” rating and issued a $35.00 price objective (up previously from $33.00) on shares of CNX Resources in a research note on Friday, July 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNX Resources in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $31.85.

CNX Resources Price Performance

NYSE CNX opened at $33.29 on Tuesday. The firm’s fifty day simple moving average is $29.96 and its two-hundred day simple moving average is $31.13. The firm has a market capitalization of $4.71 billion, a P/E ratio of 56.42, a P/E/G ratio of 0.30 and a beta of 0.55. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. CNX Resources Corporation. has a 12-month low of $27.00 and a 12-month high of $41.93.

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.