KLP Kapitalforvaltning AS Has $2.42 Million Stake in CNX Resources Corporation. $CNX

KLP Kapitalforvaltning AS increased its holdings in shares of CNX Resources Corporation. (NYSE:CNX) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,700 shares of the oil and gas producer’s stock after purchasing an additional 2,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in CNX Resources were worth $2,415,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in CNX Resources during the second quarter worth $32,000. Harbor Capital Advisors Inc. acquired a new position in CNX Resources during the first quarter worth $61,000. Sound Income Strategies LLC acquired a new position in CNX Resources during the first quarter worth $63,000. UMB Bank n.a. boosted its holdings in CNX Resources by 59.7% during the first quarter. UMB Bank n.a. now owns 2,062 shares of the oil and gas producer’s stock worth $65,000 after purchasing an additional 771 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in CNX Resources by 21.0% during the first quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer’s stock worth $93,000 after purchasing an additional 508 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

CNX has been the subject of several recent research reports. Mizuho increased their target price on shares of CNX Resources from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday. Piper Sandler cut their price target on shares of CNX Resources from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Thursday, August 14th. Siebert Williams Shank began coverage on shares of CNX Resources in a research note on Monday, September 15th. They set a “hold” rating and a $32.00 price objective on the stock. TD Cowen raised shares of CNX Resources to a “hold” rating in a report on Monday, July 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNX Resources in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $31.92.

CNX Resources Price Performance

Shares of CNX opened at $31.93 on Friday. The firm has a market capitalization of $4.52 billion, a PE ratio of 54.12, a PEG ratio of 0.29 and a beta of 0.55. The company’s 50-day moving average is $30.20 and its 200-day moving average is $31.17. CNX Resources Corporation. has a fifty-two week low of $27.00 and a fifty-two week high of $41.93. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30.

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.