Assetmark Inc. Grows Stock Holdings in CNX Resources Corporation. $CNX

Assetmark Inc. grew its position in shares of CNX Resources Corporation. (NYSE:CNX) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 899,631 shares of the oil and gas producer’s stock after purchasing an additional 10,224 shares during the quarter. Assetmark Inc. owned approximately 0.64% of CNX Resources worth $30,300,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in CNX Resources by 4.4% in the first quarter. Vanguard Group Inc. now owns 15,952,281 shares of the oil and gas producer’s stock worth $502,178,000 after buying an additional 665,289 shares in the last quarter. Southeast Asset Advisors LLC lifted its holdings in shares of CNX Resources by 6.3% in the 1st quarter. Southeast Asset Advisors LLC now owns 2,408,025 shares of the oil and gas producer’s stock worth $75,805,000 after acquiring an additional 141,819 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of CNX Resources by 514.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,200,000 shares of the oil and gas producer’s stock valued at $37,776,000 after purchasing an additional 1,004,545 shares in the last quarter. Nuveen LLC purchased a new stake in shares of CNX Resources in the 1st quarter valued at $35,567,000. Finally, Corigliano Investment Advisers LLC bought a new position in shares of CNX Resources during the 1st quarter valued at $16,151,000. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

CNX has been the subject of several recent research reports. Scotiabank boosted their price target on shares of CNX Resources from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Morgan Stanley decreased their price objective on CNX Resources from $32.00 to $31.00 and set an “underweight” rating on the stock in a report on Tuesday, October 14th. Mizuho boosted their target price on CNX Resources from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. TD Cowen upgraded CNX Resources to a “hold” rating in a research report on Monday, July 7th. Finally, Piper Sandler lowered their price objective on CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, CNX Resources currently has a consensus rating of “Reduce” and an average price target of $32.50.

CNX Resources Trading Up 2.4%

CNX opened at $32.52 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.56. CNX Resources Corporation. has a 52 week low of $27.00 and a 52 week high of $41.93. The stock has a market cap of $4.60 billion, a PE ratio of 55.12, a PEG ratio of 0.35 and a beta of 0.55. The business has a 50 day moving average of $31.16 and a 200-day moving average of $31.37.

About CNX Resources

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.