CNX Resources Corporation. $CNX Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in CNX Resources Corporation. (NYSE:CNX) by 3,227.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,603 shares of the oil and gas producer’s stock after purchasing an additional 87,880 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in CNX Resources were worth $3,331,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. State of Wyoming acquired a new position in CNX Resources in the second quarter valued at $29,000. Caitlin John LLC acquired a new position in CNX Resources in the third quarter valued at $31,000. Highlander Partners L.P. acquired a new position in CNX Resources in the fourth quarter valued at $56,000. EverSource Wealth Advisors LLC increased its stake in CNX Resources by 393.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,925 shares of the oil and gas producer’s stock valued at $65,000 after purchasing an additional 1,535 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in CNX Resources by 462.7% in the third quarter. Hantz Financial Services Inc. now owns 2,954 shares of the oil and gas producer’s stock valued at $95,000 after purchasing an additional 2,429 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

CNX Resources Trading Up 0.1%

Shares of CNX Resources stock opened at $35.36 on Monday. CNX Resources Corporation. has a 52-week low of $27.72 and a 52-week high of $43.62. 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 company’s 50-day simple moving average is $38.63 and its 200-day simple moving average is $38.30. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 4.91 and a beta of 0.64.

Insider Transactions at CNX Resources

In other news, 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 transaction of $1,101,600.00. Following the transaction, the director directly owned 426,585 shares in the company, valued at $16,316,876.25. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $933,897.12. Following the transaction, the director owned 169,577 shares in the company, valued at approximately $6,701,683.04. This trade represents a 12.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.03% of the company’s stock.

Analysts Set New Price Targets

CNX has been the topic of a number of recent research reports. Piper Sandler set a $26.00 price objective on shares of CNX Resources in a research note on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of CNX Resources in a research note on Monday, May 11th. Tudor Pickering upgraded shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Zacks Research downgraded shares of CNX Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Barclays boosted their price target on shares of CNX Resources from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, CNX Resources presently has an average rating of “Reduce” and a consensus target price 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.