CNX Resources Corporation. $CNX Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in CNX Resources Corporation. (NYSE:CNX) by 23.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,936 shares of the oil and gas producer’s stock after buying an additional 30,756 shares during the period. California State Teachers Retirement System’s holdings in CNX Resources were worth $6,320,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CNX. Arrowstreet Capital Limited Partnership lifted its stake in CNX Resources by 6,057.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,838,852 shares of the oil and gas producer’s stock valued at $147,988,000 after purchasing an additional 3,776,511 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of CNX Resources by 601.8% during the third quarter. Balyasny Asset Management L.P. now owns 1,105,456 shares of the oil and gas producer’s stock worth $35,507,000 after purchasing an additional 947,931 shares during the period. Capital Research Global Investors grew its position in CNX Resources by 20.6% during the 4th quarter. Capital Research Global Investors now owns 4,765,039 shares of the oil and gas producer’s stock worth $175,210,000 after purchasing an additional 815,039 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in CNX Resources by 45.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,021,403 shares of the oil and gas producer’s stock valued at $74,327,000 after purchasing an additional 633,539 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of CNX Resources by 112.2% in the second quarter. AQR Capital Management LLC now owns 1,007,486 shares of the oil and gas producer’s stock valued at $33,932,000 after purchasing an additional 532,770 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CNX has been the subject of several research analyst reports. Tudor Pickering raised CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Truist Financial raised CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of CNX Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Morgan Stanley decreased their target price on shares of CNX Resources from $34.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday, June 29th. Finally, Zacks Research cut shares of CNX Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Nine equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $35.44.

CNX Resources Trading Down 3.2%

Shares of CNX stock opened at $34.50 on Thursday. CNX Resources Corporation. has a 12 month low of $27.72 and a 12 month high of $43.62. The company has a market cap of $5.10 billion, a PE ratio of 5.76 and a beta of 0.60. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $33.60 and its two-hundred day moving average is $36.92.

CNX Resources Company 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.