Hsbc Holdings PLC grew its holdings in CNX Resources Corporation. (NYSE:CNX – Free Report) by 63.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,359 shares of the oil and gas producer’s stock after acquiring an additional 19,508 shares during the period. Hsbc Holdings PLC’s holdings in CNX Resources were worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in CNX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CNX Resources by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,878 shares of the oil and gas producer’s stock worth $2,735,000 after purchasing an additional 3,785 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in CNX Resources during the 1st quarter valued at approximately $583,000. EverSource Wealth Advisors LLC raised its position in shares of CNX Resources by 393.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,925 shares of the oil and gas producer’s stock valued at $65,000 after buying an additional 1,535 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of CNX Resources during the second quarter valued at approximately $272,000. Finally, Cerity Partners LLC bought a new stake in shares of CNX Resources during the second quarter valued at approximately $236,000. Institutional investors own 95.16% of the company’s stock.
Insiders Place Their Bets
In other CNX Resources news, Director William N. Thorndike, Jr. sold 28,800 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 426,585 shares in the company, valued at $16,316,876.25. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.03% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on CNX
CNX Resources Stock Performance
CNX Resources stock opened at $34.25 on Monday. The company’s 50-day moving average price is $33.72 and its 200-day moving average price is $36.98. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.47. The company has a market cap of $4.85 billion, a PE ratio of 4.76 and a beta of 0.59. CNX Resources Corporation. has a twelve month low of $27.72 and a twelve month high of $43.62.
CNX Resources Company 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.
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