Riverwater Partners LLC Sells 27,679 Shares of CNX Resources Corporation. $CNX

Riverwater Partners LLC lessened its position in shares of CNX Resources Corporation. (NYSE:CNX) by 34.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,470 shares of the oil and gas producer’s stock after selling 27,679 shares during the period. Riverwater Partners LLC’s holdings in CNX Resources were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in CNX Resources by 8.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,464 shares of the oil and gas producer’s stock valued at $164,000 after purchasing an additional 353 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in CNX Resources by 5.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,881 shares of the oil and gas producer’s stock valued at $349,000 after purchasing an additional 587 shares in the last quarter. GAMMA Investing LLC increased its stake in CNX Resources by 18.8% during the 4th quarter. GAMMA Investing LLC now owns 3,821 shares of the oil and gas producer’s stock valued at $140,000 after purchasing an additional 606 shares in the last quarter. Midwest Professional Planners LTD. increased its stake in CNX Resources by 2.5% during the 4th quarter. Midwest Professional Planners LTD. now owns 26,449 shares of the oil and gas producer’s stock valued at $973,000 after purchasing an additional 642 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in CNX Resources by 0.7% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 89,239 shares of the oil and gas producer’s stock valued at $2,900,000 after purchasing an additional 643 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

CNX Resources Stock Performance

Shares of CNX stock opened at $32.15 on Friday. The company has a 50 day moving average price of $36.66 and a 200-day moving average price of $38.05. CNX Resources Corporation. has a 52 week low of $27.72 and a 52 week high of $43.62. The firm has a market capitalization of $4.55 billion, a PE ratio of 4.47 and a beta of 0.58. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling

In related news, Director William N. Thorndike, Jr. sold 28,800 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 426,585 shares in the company, valued at approximately $16,316,876.25. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maureen Lally-Green sold 23,631 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $39.52, for a total transaction of $933,897.12. Following the completion of the transaction, the director owned 169,577 shares in the company, valued at $6,701,683.04. The trade was a 12.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.03% of the company’s stock.

Wall Street Analysts Forecast Growth

CNX has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of CNX Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Zacks Research lowered shares of CNX Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Mizuho reduced their price target on shares of CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Barclays reduced their price target on shares of CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Tuesday, May 26th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of CNX Resources in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target 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.