Key Points
- Director William Thorndike Jr. sold 28,800 shares on May 4 at an average price of $38.25 for $1,101,600, cutting his ownership by 6.32% to 426,585 shares (valued ~ $16.3M).
- CNX stock snapshot: market capitalization about $5.17B, PE 5.08 and PEG 0.41, with a 12‑month range of $27.72–$43.62 and a recent open near $36.55.
- Investor and analyst positioning: institutions own ~95.16% of the stock with several large recent purchases, while analyst consensus is a "Reduce" rating and an average target price of $35.67 (1 Buy, 7 Hold, 4 Sell).
CNX Resources Corporation. (NYSE:CNX - Get Free Report) Director William Thorndike, Jr. sold 28,800 shares of the business's stock in a transaction dated 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 transaction, the director owned 426,585 shares in the company, valued at $16,316,876.25. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
CNX Resources Stock Performance
CNX opened at $36.55 on Thursday. The firm has a market capitalization of $5.17 billion, a PE ratio of 5.08, a PEG ratio of 0.41 and a beta of 0.64. CNX Resources Corporation. has a twelve month low of $27.72 and a twelve month high of $43.62. The firm's 50-day moving average price is $39.76 and its 200 day moving average price is $38.00. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.47.
Institutional Investors Weigh In On CNX Resources
Several large investors have recently added to or reduced their stakes in the business. AlphaQuest LLC raised its stake in CNX Resources by 5,703.1% in the third quarter. AlphaQuest LLC now owns 63,022 shares of the oil and gas producer's stock valued at $2,024,000 after buying an additional 61,936 shares in the last quarter. American Century Companies Inc. raised its stake in CNX Resources by 16.3% in the third quarter. American Century Companies Inc. now owns 3,236,441 shares of the oil and gas producer's stock valued at $103,954,000 after buying an additional 454,071 shares in the last quarter. Capital Management Corp VA boosted its holdings in shares of CNX Resources by 9.0% in the 3rd quarter. Capital Management Corp VA now owns 393,671 shares of the oil and gas producer's stock valued at $12,645,000 after buying an additional 32,404 shares in the last quarter. Pullen Investment Management LLC boosted its holdings in shares of CNX Resources by 76.3% in the 4th quarter. Pullen Investment Management LLC now owns 68,083 shares of the oil and gas producer's stock valued at $2,503,000 after buying an additional 29,469 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of CNX Resources by 38.6% in the 3rd quarter. Capital Research Global Investors now owns 3,950,000 shares of the oil and gas producer's stock valued at $126,874,000 after buying an additional 1,100,000 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have weighed in on CNX. Roth Mkm set a $35.00 target price on shares of CNX Resources and gave the company a "neutral" rating in a report on Thursday, January 29th. Piper Sandler set a $26.00 target price on shares of CNX Resources in a report on Monday, February 2nd. Scotiabank reiterated a "sector perform" rating and issued a $44.00 target price on shares of CNX Resources in a report on Wednesday, January 21st. Weiss Ratings upgraded shares of CNX Resources from a "hold (c)" rating to a "buy (b)" rating in a report on Wednesday, February 11th. Finally, Zacks Research lowered shares of CNX Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $35.67.
View Our Latest Analysis on CNX Resources
CNX Resources Company Profile
(
Get Free Report)
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.
Further Reading
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