New York State Common Retirement Fund Buys 21,131 Shares of CNX Resources Co. (NYSE:CNX)

New York State Common Retirement Fund increased its stake in shares of CNX Resources Co. (NYSE:CNX) by 25.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 104,131 shares of the oil and gas producer’s stock after buying an additional 21,131 shares during the period. New York State Common Retirement Fund owned 0.07% of CNX Resources worth $2,083,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Neo Ivy Capital Management acquired a new stake in shares of CNX Resources during the third quarter worth $26,000. Adirondack Trust Co. acquired a new position in shares of CNX Resources during the 3rd quarter worth approximately $54,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of CNX Resources by 30.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,540 shares of the oil and gas producer’s stock worth $57,000 after purchasing an additional 590 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of CNX Resources by 1,924.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,454 shares of the oil and gas producer’s stock valued at $213,000 after buying an additional 8,987 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of CNX Resources in the third quarter valued at approximately $216,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Stock Performance

Shares of CNX Resources stock opened at $23.56 on Thursday. The company’s 50 day moving average price is $23.07 and its two-hundred day moving average price is $21.44. The firm has a market capitalization of $3.61 billion, a P/E ratio of 4.27 and a beta of 1.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.51. CNX Resources Co. has a fifty-two week low of $15.08 and a fifty-two week high of $24.82.

Insider Buying and Selling

In other news, EVP Timothy Scott Bedard sold 1,226 shares of CNX Resources stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $20.83, for a total transaction of $25,537.58. Following the sale, the executive vice president now directly owns 67,982 shares of the company’s stock, valued at $1,416,065.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CNX has been the subject of several analyst reports. Mizuho lifted their price objective on CNX Resources from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Piper Sandler upped their price objective on shares of CNX Resources from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Roth Mkm raised their target price on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Truist Financial upped their price target on shares of CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Scotiabank lifted their price objective on shares of CNX Resources from $20.00 to $25.00 and gave the company a “sector underperform” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, CNX Resources currently has an average rating of “Hold” and an average price target of $24.43.

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.