Fox Run Management L.L.C. Makes New $795,000 Investment in CNX Resources Corporation. $CNX

Fox Run Management L.L.C. purchased a new position in CNX Resources Corporation. (NYSE:CNX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,627 shares of the oil and gas producer’s stock, valued at approximately $795,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNX. Capital Research Global Investors raised its position in CNX Resources by 38.6% in 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 acquiring an additional 1,100,000 shares in the last quarter. Balyasny Asset Management L.P. raised its position in CNX Resources by 601.8% in the third quarter. Balyasny Asset Management L.P. now owns 1,105,456 shares of the oil and gas producer’s stock worth $35,507,000 after acquiring an additional 947,931 shares in the last quarter. Goldman Sachs Group Inc. raised its position in CNX Resources by 45.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,021,403 shares of the oil and gas producer’s stock worth $74,327,000 after acquiring an additional 633,539 shares in the last quarter. AQR Capital Management LLC raised its position in CNX Resources by 112.2% in the second quarter. AQR Capital Management LLC now owns 1,007,486 shares of the oil and gas producer’s stock worth $33,932,000 after acquiring an additional 532,770 shares in the last quarter. Finally, American Century Companies Inc. raised its position in CNX Resources by 16.3% in 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 acquiring an additional 454,071 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

CNX Resources Trading Up 0.6%

Shares of CNX opened at $33.27 on Thursday. The business’s 50-day moving average price is $36.79 and its 200 day moving average price is $38.09. The stock has a market capitalization of $4.71 billion, a P/E ratio of 4.62 and a beta of 0.58. CNX Resources Corporation. has a 1-year low of $27.72 and a 1-year high of $43.62. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.47.

Insider Transactions at CNX Resources

In related news, Director William N. Thorndike, Jr. sold 28,800 shares of CNX Resources stock in a transaction dated 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 transaction, the director 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maureen Lally-Green sold 23,631 shares of CNX Resources 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 transaction, the director directly owned 169,577 shares in the company, valued at $6,701,683.04. This represents a 12.23% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CNX shares. Weiss Ratings cut shares of CNX Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Barclays dropped their price target on shares of CNX Resources from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 26th. Tudor Pickering upgraded shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Mizuho dropped their price target 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. Finally, Morgan Stanley reissued an “underweight” rating on shares of CNX Resources in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $35.44.

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.