Northwestern Mutual Wealth Management Co. Raises Position in CNX Resources Corporation. $CNX

Northwestern Mutual Wealth Management Co. raised its holdings in CNX Resources Corporation. (NYSE:CNX) by 3,227.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,603 shares of the oil and gas producer’s stock after buying an additional 87,880 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.07% of CNX Resources worth $3,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in CNX Resources in the 2nd quarter valued at approximately $29,000. Caitlin John LLC purchased a new position in CNX Resources in the 3rd quarter valued at approximately $31,000. Highlander Partners L.P. purchased a new position in CNX Resources in the 4th quarter valued at approximately $56,000. EverSource Wealth Advisors LLC boosted its position in CNX Resources by 393.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,925 shares of the oil and gas producer’s stock valued at $65,000 after buying an additional 1,535 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in CNX Resources by 462.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,954 shares of the oil and gas producer’s stock valued at $95,000 after buying an additional 2,429 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling at CNX Resources

In related news, Director Maureen Lally-Green sold 23,631 shares of CNX Resources stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $39.52, for a total transaction of $933,897.12. Following the sale, the director directly owned 169,577 shares in the company, valued at $6,701,683.04. This trade represents a 12.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William N. Thorndike, Jr. sold 28,800 shares of CNX Resources stock in a transaction on Monday, May 4th. The stock was sold at an average price of $38.25, for a total transaction of $1,101,600.00. Following the sale, the director owned 426,585 shares in the company, valued at $16,316,876.25. This represents a 6.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.03% of the stock is owned by company insiders.

CNX Resources Price Performance

Shares of CNX opened at $35.36 on Monday. The firm’s fifty day simple moving average is $38.63 and its 200-day simple moving average is $38.30. CNX Resources Corporation. has a twelve month low of $27.72 and a twelve month high of $43.62. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 4.91 and a beta of 0.64.

Analyst Ratings Changes

CNX has been the topic of a number of analyst reports. Tudor Pickering upgraded shares of CNX Resources from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of CNX Resources in a report on Monday, May 11th. Piper Sandler set a $26.00 price objective on shares of CNX Resources in a report on Monday, February 2nd. Roth Mkm set a $35.00 price objective on shares of CNX Resources and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Morgan Stanley restated an “underweight” rating on shares of CNX Resources in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $35.67.

About CNX Resources

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.