Aureus Asset Management LLC Grows Position in CNX Resources Corporation. $CNX

Aureus Asset Management LLC increased its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 716,053 shares of the oil and gas producer’s stock after purchasing an additional 14,643 shares during the quarter. CNX Resources accounts for approximately 1.8% of Aureus Asset Management LLC’s portfolio, making the stock its 22nd biggest position. Aureus Asset Management LLC’s holdings in CNX Resources were worth $27,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in CNX Resources by 56.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 810 shares of the oil and gas producer’s stock worth $30,000 after buying an additional 293 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of CNX Resources by 8.6% in the 4th quarter. Farther Finance Advisors LLC now owns 4,464 shares of the oil and gas producer’s stock worth $164,000 after acquiring an additional 353 shares during the last quarter. Aigen Investment Management LP boosted its position in shares of CNX Resources by 4.9% during the 4th quarter. Aigen Investment Management LP now owns 7,619 shares of the oil and gas producer’s stock worth $280,000 after purchasing an additional 354 shares during the period. Arkadios Wealth Advisors boosted its position in shares of CNX Resources by 3.2% during the 4th quarter. Arkadios Wealth Advisors now owns 13,028 shares of the oil and gas producer’s stock worth $479,000 after purchasing an additional 400 shares during the period. Finally, GAMMA Investing LLC increased its holdings in CNX Resources by 18.8% in the 4th quarter. GAMMA Investing LLC now owns 3,821 shares of the oil and gas producer’s stock valued at $140,000 after purchasing an additional 606 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CNX Resources

In related news, 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 value of $1,101,600.00. Following the completion of the transaction, the director directly owned 426,585 shares in the company, valued at approximately $16,316,876.25. This trade represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.03% of the company’s stock.

Wall Street Analyst Weigh In

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

CNX Resources Stock Performance

Shares of CNX stock opened at $34.62 on Thursday. The firm has a 50 day moving average of $33.80 and a two-hundred day moving average of $37.00. The stock has a market capitalization of $4.90 billion, a PE ratio of 4.81 and a beta of 0.59. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.47. CNX Resources Corporation. has a 52 week low of $27.72 and a 52 week high of $43.62.

CNX Resources Profile

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.