Dimensional Fund Advisors LP Increases Position in CNX Resources Corporation. $CNX

Dimensional Fund Advisors LP raised its holdings in CNX Resources Corporation. (NYSE:CNX) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,774,069 shares of the oil and gas producer’s stock after acquiring an additional 28,851 shares during the period. Dimensional Fund Advisors LP owned approximately 6.20% of CNX Resources worth $338,260,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in shares of CNX Resources by 56.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 810 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 293 shares during the last quarter. State of Wyoming purchased a new stake in shares of CNX Resources in the second quarter valued at approximately $29,000. Los Angeles Capital Management LLC acquired a new stake in shares of CNX Resources in the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new stake in shares of CNX Resources in the fourth quarter valued at approximately $50,000. Finally, Highlander Partners L.P. purchased a new position in CNX Resources during the fourth quarter worth approximately $56,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

CNX Resources Trading Up 3.2%

CNX opened at $33.72 on Wednesday. The stock has a market capitalization of $4.77 billion, a PE ratio of 4.68 and a beta of 0.59. CNX Resources Corporation. has a one year low of $27.72 and a one year high of $43.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.46 and a current ratio of 0.49. The business’s 50 day moving average price is $33.81 and its 200 day moving average price is $37.02.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CNX. Morgan Stanley lowered their price objective on CNX Resources from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Monday, June 29th. Barclays cut their target price on CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Tuesday, May 26th. Zacks Research lowered CNX Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Tudor Pickering raised shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Mizuho dropped their price objective on shares of CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $35.44.

Insider Buying and Selling

In other news, Director William N. Thorndike, Jr. sold 28,800 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $38.25, for a total value of $1,101,600.00. Following the transaction, the director owned 426,585 shares of the company’s stock, valued at $16,316,876.25. This represents a 6.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.03% of the stock is owned by corporate insiders.

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.