Pullen Investment Management LLC Grows Stock Holdings in CNX Resources Corporation. $CNX

Pullen Investment Management LLC increased its position in shares of CNX Resources Corporation. (NYSE:CNX) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,068 shares of the oil and gas producer’s stock after buying an additional 435 shares during the quarter. Pullen Investment Management LLC’s holdings in CNX Resources were worth $1,114,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CNX. Allspring Global Investments Holdings LLC acquired a new position in shares of CNX Resources in the first quarter worth $718,000. Principal Financial Group Inc. raised its holdings in shares of CNX Resources by 1.6% in the first quarter. Principal Financial Group Inc. now owns 472,300 shares of the oil and gas producer’s stock valued at $14,868,000 after buying an additional 7,440 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of CNX Resources by 59.7% in the first quarter. HighTower Advisors LLC now owns 46,592 shares of the oil and gas producer’s stock valued at $1,467,000 after buying an additional 17,424 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in CNX Resources by 111.3% during the first quarter. Bridges Investment Management Inc. now owns 44,673 shares of the oil and gas producer’s stock worth $1,406,000 after purchasing an additional 23,531 shares in the last quarter. Finally, KBC Group NV raised its holdings in CNX Resources by 25.0% during the first quarter. KBC Group NV now owns 7,768 shares of the oil and gas producer’s stock worth $245,000 after purchasing an additional 1,552 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CNX. Scotiabank upped their target price on CNX Resources from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Morgan Stanley decreased their price target on shares of CNX Resources from $32.00 to $31.00 and set an “underweight” rating on the stock in a report on Tuesday, October 14th. TD Cowen upgraded shares of CNX Resources to a “hold” rating in a report on Monday, July 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of CNX Resources in a report on Tuesday, October 14th. Finally, Siebert Williams Shank assumed coverage on shares of CNX Resources in a report on Monday, September 15th. They issued a “hold” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $32.50.

CNX Resources Stock Performance

Shares of CNX stock opened at $32.65 on Friday. The company’s fifty day simple moving average is $30.85 and its 200-day simple moving average is $31.30. CNX Resources Corporation. has a 52 week low of $27.00 and a 52 week high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. The company has a market cap of $4.62 billion, a PE ratio of 55.35, a P/E/G ratio of 0.35 and a beta of 0.55.

CNX Resources Company 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.