Fox Run Management L.L.C. Buys Shares of 21,627 CNX Resources Corporation. $CNX

Fox Run Management L.L.C. bought a new stake in CNX Resources Corporation. (NYSE:CNX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 21,627 shares of the oil and gas producer’s stock, valued at approximately $795,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in CNX Resources by 8.6% in the fourth quarter. Farther Finance Advisors LLC now owns 4,464 shares of the oil and gas producer’s stock valued at $164,000 after buying an additional 353 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in CNX Resources by 5.7% in the third quarter. Crossmark Global Holdings Inc. now owns 10,881 shares of the oil and gas producer’s stock valued at $349,000 after buying an additional 587 shares during the last quarter. GAMMA Investing LLC lifted its stake in CNX Resources by 18.8% in the fourth quarter. GAMMA Investing LLC now owns 3,821 shares of the oil and gas producer’s stock valued at $140,000 after buying an additional 606 shares during the last quarter. Midwest Professional Planners LTD. lifted its stake in CNX Resources by 2.5% in the fourth quarter. Midwest Professional Planners LTD. now owns 26,449 shares of the oil and gas producer’s stock valued at $973,000 after buying an additional 642 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in CNX Resources by 0.7% in the third quarter. CANADA LIFE ASSURANCE Co now owns 89,239 shares of the oil and gas producer’s stock valued at $2,900,000 after buying an additional 643 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

CNX Resources Stock Up 0.6%

CNX Resources stock opened at $33.27 on Thursday. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 4.62 and a beta of 0.58. 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 company’s 50-day moving average price is $36.79 and its two-hundred day moving average price is $38.09. CNX Resources Corporation. has a 52 week low of $27.72 and a 52 week high of $43.62.

Insider Activity

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

Wall Street Analysts Forecast Growth

CNX has been the topic of a number of recent research reports. Truist Financial initiated coverage on CNX Resources in a research note on Tuesday, March 24th. They issued a “sell” rating and a $35.00 target price on the stock. Barclays cut their target price on CNX Resources from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 26th. Mizuho cut their target price on CNX Resources from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Tudor Pickering upgraded CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Zacks Research cut CNX Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $35.44.

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.