NewEdge Advisors LLC Sells 30,997 Shares of CNX Resources Corporation. $CNX

NewEdge Advisors LLC reduced its position in CNX Resources Corporation. (NYSE:CNX) by 30.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,294 shares of the oil and gas producer’s stock after selling 30,997 shares during the quarter. NewEdge Advisors LLC’s holdings in CNX Resources were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of CNX Resources by 56.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 810 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 293 shares during the period. State of Wyoming bought a new position in shares of CNX Resources in the second quarter worth about $29,000. Los Angeles Capital Management LLC bought a new position in shares of CNX Resources in the fourth quarter worth about $34,000. Kestra Advisory Services LLC bought a new position in shares of CNX Resources in the fourth quarter worth about $50,000. Finally, Highlander Partners L.P. purchased a new stake in shares of CNX Resources during the fourth quarter worth about $56,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

CNX Resources Trading Up 3.3%

Shares of CNX Resources stock opened at $35.77 on Friday. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 5.97 and a beta of 0.59. The business has a 50-day moving average price of $33.55 and a 200-day moving average price of $36.93. The company has a quick ratio of 0.46, a current ratio of 0.72 and a debt-to-equity ratio of 0.46. CNX Resources Corporation. has a twelve month low of $27.72 and a twelve month high of $43.62.

Insider Activity at CNX Resources

In related news, Director William N. Thorndike, Jr. sold 28,800 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was 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 directly owned 426,585 shares of the company’s stock, valued at approximately $16,316,876.25. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.03% of the company’s stock.

More CNX Resources News

Here are the key news stories impacting CNX Resources this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. CNX reported adjusted earnings of $0.72 per share, 26.3% above the consensus estimate of $0.57. Another report cited GAAP earnings of $1.32 per share versus a $0.60 estimate. Disciplined spending and a 59% cash operating margin helped offset weaker operating conditions. CNX Resources Q2 Earnings Surpass Estimates, Production Falls Year over Year
• Positive Sentiment: 45Z tax-credit opportunity could add meaningful cash flow. CNX outlined an estimated $90 million annual run rate from the federal 45Z clean-fuel production credit and related environmental attributes, pending Treasury guidance. This could improve earnings visibility and strengthen free cash flow if the benefits are realized. CNX Outlines Annual Run Rate From 45Z and Environmental Attributes
• Neutral Sentiment: Investors are weighing the earnings beat against mixed operating results. CNX generated approximately $435 million in quarterly revenue, below the roughly $475 million analyst forecast. The results call and earnings materials provide additional context on the company’s outlook, cost controls and production plans. CNX Resources Q2 2026 Earnings Call Transcript
• Negative Sentiment: Production and revenue declined year over year. CNX’s revenue fell 35.7% from the prior-year quarter, while earnings declined from $2.43 per share a year earlier. Lower natural-gas prices and reduced output could pressure results if market conditions do not improve. CNX Resources Second-Quarter Earnings Report

Analysts Set New Price Targets

CNX has been the topic of several recent analyst reports. Weiss Ratings downgraded CNX Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Mizuho dropped their price target on 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 cut their price objective 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. Morgan Stanley reduced their price objective on shares of CNX Resources from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, June 29th. Finally, Truist Financial raised shares of CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a report on Wednesday, July 15th. Nine analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price 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.