Eubel Brady & Suttman Asset Management Inc. Buys 9,321 Shares of CNX Resources Corporation. $CNX

Eubel Brady & Suttman Asset Management Inc. lifted its stake in shares of CNX Resources Corporation. (NYSE:CNX) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 397,005 shares of the oil and gas producer’s stock after purchasing an additional 9,321 shares during the quarter. CNX Resources comprises 1.7% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Eubel Brady & Suttman Asset Management Inc. owned about 0.28% of CNX Resources worth $13,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in shares of CNX Resources during the 2nd quarter worth about $32,000. CWM LLC boosted its position in shares of CNX Resources by 26.0% during the 2nd quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock worth $115,000 after purchasing an additional 703 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of CNX Resources during the 2nd quarter worth about $115,000. GAMMA Investing LLC lifted its position in CNX Resources by 11.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 389 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in CNX Resources by 30.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,838 shares of the oil and gas producer’s stock valued at $129,000 after acquiring an additional 907 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

CNX Resources Trading Down 2.3%

Shares of CNX stock opened at $31.84 on Wednesday. The company has a 50 day moving average of $31.02 and a 200-day moving average of $31.35. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56. CNX Resources Corporation. has a 12-month low of $27.00 and a 12-month high of $41.93. The firm has a market cap of $4.50 billion, a P/E ratio of 53.96, a PEG ratio of 0.34 and a beta of 0.55.

Analyst Upgrades and Downgrades

CNX has been the topic of several recent research reports. Barclays dropped their price target on shares of CNX Resources from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Siebert Williams Shank initiated coverage on shares of CNX Resources in a research report on Monday, September 15th. They issued a “hold” rating and a $32.00 price target on the stock. Piper Sandler dropped their price target on shares of CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Thursday, August 14th. Scotiabank raised their price target on shares of CNX Resources from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Finally, TD Cowen raised shares of CNX Resources to a “hold” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $32.50.

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.