New York State Teachers Retirement System Has $4.84 Million Stock Position in CNX Resources Corporation. $CNX

New York State Teachers Retirement System lowered its position in shares of CNX Resources Corporation. (NYSE:CNX) by 22.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,595 shares of the oil and gas producer’s stock after selling 36,596 shares during the quarter. New York State Teachers Retirement System’s holdings in CNX Resources were worth $4,842,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pullen Investment Management LLC increased its position in CNX Resources by 76.3% in the fourth quarter. Pullen Investment Management LLC now owns 68,083 shares of the oil and gas producer’s stock worth $2,503,000 after purchasing an additional 29,469 shares during the period. Capital Research Global Investors raised its holdings in CNX Resources by 38.6% during the 3rd quarter. Capital Research Global Investors now owns 3,950,000 shares of the oil and gas producer’s stock worth $126,874,000 after purchasing an additional 1,100,000 shares during the last quarter. Ossiam lifted its position in CNX Resources by 116.9% during the 3rd quarter. Ossiam now owns 672,400 shares of the oil and gas producer’s stock valued at $21,597,000 after purchasing an additional 362,400 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in CNX Resources by 3,227.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 90,603 shares of the oil and gas producer’s stock valued at $3,331,000 after purchasing an additional 87,880 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of CNX Resources by 408.1% in the 4th quarter. SG Americas Securities LLC now owns 179,127 shares of the oil and gas producer’s stock valued at $6,586,000 after purchasing an additional 143,870 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Transactions at CNX Resources

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 transaction, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Truist Financial started coverage on shares of CNX Resources in a research report on Tuesday, March 24th. They set a “sell” rating and a $35.00 price target for the company. Weiss Ratings cut shares of CNX Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Barclays lowered their target price on shares of CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a 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. Finally, Zacks Research downgraded CNX Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, CNX Resources currently has an average rating of “Reduce” and a consensus target price of $35.44.

CNX Resources Stock Performance

Shares of CNX stock opened at $33.23 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.49 and a quick ratio of 0.46. The stock has a market cap of $4.70 billion, a PE ratio of 4.61 and a beta of 0.59. The stock has a 50-day moving average of $34.61 and a 200-day moving average of $37.29. CNX Resources Corporation. has a one year low of $27.72 and a one year high of $43.62.

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.