Mutual of America Capital Management LLC Has $2.42 Million Stock Position in CNX Resources Corporation. $CNX

Mutual of America Capital Management LLC lowered its stake in shares of CNX Resources Corporation. (NYSE:CNX) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,972 shares of the oil and gas producer’s stock after selling 4,633 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CNX Resources were worth $2,424,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of CNX Resources during the first quarter valued at approximately $718,000. Principal Financial Group Inc. boosted its position in CNX Resources by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 472,300 shares of the oil and gas producer’s stock valued at $14,868,000 after buying an additional 7,440 shares during the last quarter. HighTower Advisors LLC boosted its position in CNX Resources by 59.7% in the 1st quarter. HighTower Advisors LLC now owns 46,592 shares of the oil and gas producer’s stock valued at $1,467,000 after buying an additional 17,424 shares during the last quarter. Bridges Investment Management Inc. increased its stake in shares of CNX Resources by 111.3% in the 1st quarter. Bridges Investment Management Inc. now owns 44,673 shares of the oil and gas producer’s stock valued at $1,406,000 after buying an additional 23,531 shares during the period. Finally, KBC Group NV raised its position in shares of CNX Resources by 25.0% during the first quarter. KBC Group NV now owns 7,768 shares of the oil and gas producer’s stock worth $245,000 after acquiring an additional 1,552 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

CNX Resources Stock Down 0.3%

Shares of NYSE CNX opened at $32.65 on Friday. CNX Resources Corporation. has a 52-week low of $27.00 and a 52-week high of $41.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.30 and a current ratio of 0.33. The stock has a market cap of $4.62 billion, a P/E ratio of 55.35, a P/E/G ratio of 0.35 and a beta of 0.55. The firm has a 50 day moving average price of $30.85 and a 200 day moving average price of $31.28.

Analyst Ratings Changes

A number of analysts recently commented on CNX shares. Mizuho lifted their price objective on CNX Resources from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Piper Sandler lowered 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 report on Thursday, August 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of CNX Resources in a research note on Tuesday, October 14th. TD Cowen raised shares of CNX Resources to a “hold” rating in a research note on Monday, July 7th. Finally, Siebert Williams Shank initiated coverage on shares of CNX Resources in a report on Monday, September 15th. They set a “hold” rating and a $32.00 target price for the company. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $32.50.

CNX Resources 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.