New York State Teachers Retirement System Has $5.57 Million Stake in CNX Resources Corporation. $CNX

New York State Teachers Retirement System decreased its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,291 shares of the oil and gas producer’s stock after selling 1,000 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of CNX Resources worth $5,567,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Capital Management Corp VA boosted its holdings in CNX Resources by 0.8% during the second quarter. Capital Management Corp VA now owns 361,267 shares of the oil and gas producer’s stock worth $12,167,000 after purchasing an additional 3,011 shares during the last quarter. CWM LLC raised its position in CNX Resources by 26.0% during the second quarter. CWM LLC now owns 3,405 shares of the oil and gas producer’s stock worth $115,000 after acquiring an additional 703 shares in the last quarter. Callan Family Office LLC bought a new stake in CNX Resources during the second quarter worth $277,000. Mercuria Capital Strategies LLC bought a new stake in CNX Resources during the second quarter worth $5,847,000. Finally, US Bancorp DE raised its position in CNX Resources by 1.9% during the second quarter. US Bancorp DE now owns 25,944 shares of the oil and gas producer’s stock worth $874,000 after acquiring an additional 477 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Trading Up 1.0%

Shares of CNX Resources stock opened at $32.31 on Tuesday. 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 company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 54.76, a PEG ratio of 0.28 and a beta of 0.55. The firm’s 50-day moving average price is $30.58 and its two-hundred day moving average price is $31.21.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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 started coverage on shares of CNX Resources in a research report on Monday, September 15th. They issued a “hold” rating and a $32.00 price objective on the stock. TD Cowen raised shares of CNX Resources to a “hold” rating in a research report on Monday, July 7th. Scotiabank increased their price objective 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, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CNX Resources in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $32.50.

CNX Resources Company 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.