Caxton Associates LLP Buys Shares of 51,486 CNX Resources Corporation. $CNX

Caxton Associates LLP bought a new stake in CNX Resources Corporation. (NYSE:CNX) during the 1st quarter, Holdings Channel reports. The firm bought 51,486 shares of the oil and gas producer’s stock, valued at approximately $1,621,000.

Several other large investors have also recently made changes to their positions in CNX. Deutsche Bank AG lifted its holdings in shares of CNX Resources by 2.2% in the 4th quarter. Deutsche Bank AG now owns 252,820 shares of the oil and gas producer’s stock worth $9,271,000 after acquiring an additional 5,473 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of CNX Resources in the 4th quarter worth approximately $207,000. Graham Capital Management L.P. acquired a new position in shares of CNX Resources in the 4th quarter worth approximately $289,000. Gotham Asset Management LLC acquired a new position in shares of CNX Resources in the 4th quarter worth approximately $1,279,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CNX Resources by 2.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,093 shares of the oil and gas producer’s stock worth $3,047,000 after acquiring an additional 2,216 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

CNX Resources Price Performance

CNX Resources stock opened at $29.12 on Wednesday. The firm has a market cap of $4.12 billion, a PE ratio of 49.36, a price-to-earnings-growth ratio of 0.26 and a beta of 0.60. CNX Resources Corporation. has a 52-week low of $26.50 and a 52-week high of $41.93. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $30.54 and its two-hundred day moving average is $30.97.

Analyst Ratings Changes

Several equities analysts have recently commented on CNX shares. Piper Sandler decreased their price objective on shares of CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Thursday, August 14th. Scotiabank restated a “sector perform” rating and issued a $35.00 price objective (up from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Mizuho upped their price objective on shares of CNX Resources from $35.00 to $36.00 and gave the stock an “underperform” rating in a report on Tuesday, May 13th. Barclays began coverage on shares of CNX Resources in a report on Monday, July 7th. They set an “equal weight” rating and a $33.00 target price on the stock. Finally, TD Cowen upgraded shares of CNX Resources to a “hold” rating in a report on Monday, July 7th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $31.77.

CNX Resources 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.