VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 33,000 Shares of CNX Resources Corporation. $CNX

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in CNX Resources Corporation. (NYSE:CNX) by 106.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,900 shares of the oil and gas producer’s stock after purchasing an additional 33,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in CNX Resources were worth $1,992,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Choreo LLC boosted its holdings in CNX Resources by 2.9% during the third quarter. Choreo LLC now owns 15,253 shares of the oil and gas producer’s stock worth $475,000 after buying an additional 424 shares in the last quarter. Pullen Investment Management LLC increased its holdings in shares of CNX Resources by 0.6% in the third quarter. Pullen Investment Management LLC now owns 69,350 shares of the oil and gas producer’s stock valued at $2,162,000 after buying an additional 428 shares in the last quarter. Signaturefd LLC increased its holdings in shares of CNX Resources by 6.5% in the third quarter. Signaturefd LLC now owns 6,426 shares of the oil and gas producer’s stock valued at $200,000 after buying an additional 390 shares in the last quarter. Simplicity Wealth LLC bought a new position in shares of CNX Resources in the third quarter valued at $234,000. Finally, Root Financial Partners LLC acquired a new stake in shares of CNX Resources during the 3rd quarter valued at $26,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Stock Down 1.5%

CNX stock opened at $36.65 on Wednesday. CNX Resources Corporation. has a 52-week low of $30.77 and a 52-week high of $43.62. The company’s 50 day simple moving average is $35.08 and its 200-day simple moving average is $36.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.08 and a quick ratio of 1.02. The firm has a market capitalization of $5.24 billion, a P/E ratio of 6.21 and a beta of 0.61.

Analyst Ratings Changes

Several research firms have recently weighed in on CNX. Weiss Ratings reissued a “hold (c+)” rating on shares of CNX Resources in a research note on Monday, October 26th. Truist Financial boosted their target price on CNX Resources from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, October 29th. Scotiabank started coverage on CNX Resources in a report on Wednesday, October 14th. They set a “sector perform” rating and a $34.00 target price for the company. Benchmark reaffirmed a “hold” rating on shares of CNX Resources in a report on Thursday, October 29th. Finally, Morgan Stanley increased their price target on CNX Resources from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, October 15th. Nine equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, CNX Resources has an average rating of “Reduce” and a consensus target price of $34.88.

CNX Resources Company Profile

CNX Resources Corporation (NYSE:CNX) is an independent natural gas exploration and production company focused on the Appalachian Basin. The company develops and produces natural gas from unconventional shale formations, with its operations concentrated in the Marcellus and Utica shale areas.

CNX’s activities include leasing, drilling, completing and operating natural gas wells, as well as managing related gathering and infrastructure arrangements used to transport production to market.