Significant Wealth Partners LLC Acquires 924 Shares of CNX Resources Corporation. $CNX

Significant Wealth Partners LLC lifted its holdings in CNX Resources Corporation. (NYSE:CNX) by 9.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,722 shares of the oil and gas producer’s stock after buying an additional 924 shares during the quarter. Significant Wealth Partners LLC’s holdings in CNX Resources were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CNX. Harbor Capital Advisors Inc. bought a new position in shares of CNX Resources in the first quarter valued at about $61,000. Sound Income Strategies LLC bought a new position in shares of CNX Resources in the first quarter valued at about $63,000. UMB Bank n.a. raised its holdings in shares of CNX Resources by 59.7% in the first quarter. UMB Bank n.a. now owns 2,062 shares of the oil and gas producer’s stock valued at $65,000 after buying an additional 771 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of CNX Resources in the fourth quarter valued at about $88,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of CNX Resources by 21.0% in the first quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer’s stock valued at $93,000 after buying an additional 508 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CNX. Siebert Williams Shank began coverage on CNX Resources in a report on Monday, September 15th. They issued a “hold” rating and a $32.00 price target for the company. TD Cowen raised CNX Resources to a “hold” rating in a report on Monday, July 7th. Scotiabank reissued a “sector perform” rating and set a $35.00 price objective (up from $33.00) on shares of CNX Resources in a report on Friday, July 11th. Barclays assumed coverage on CNX Resources in a report on Monday, July 7th. They set an “equal weight” rating and a $33.00 price objective for the company. Finally, Piper Sandler dropped their price objective on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $31.64.

CNX Resources Price Performance

CNX Resources stock opened at $31.55 on Thursday. The firm has a market capitalization of $4.46 billion, a P/E ratio of 53.47, a PEG ratio of 0.28 and a beta of 0.60. CNX Resources Corporation. has a 1 year low of $27.00 and a 1 year high of $41.93. The business has a 50-day moving average of $29.94 and a 200-day moving average of $31.03. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56.

CNX Resources Company Profile

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers.