CNX Resources Corporation. $CNX Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in shares of CNX Resources Corporation. (NYSE:CNX – Free Report) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 208,061 shares of the oil and gas producer’s stock after selling 21,426 shares during the period. Legal & General Group Plc’s holdings in CNX Resources were worth $7,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. American Century Companies Inc. increased its position in CNX Resources by 16.3% during the 3rd quarter. American Century Companies Inc. now owns 3,236,441 shares of the oil and gas producer’s stock worth $103,954,000 after purchasing an additional 454,071 shares in the last quarter. Pullen Investment Management LLC grew its holdings in CNX Resources by 76.3% in the fourth quarter. Pullen Investment Management LLC now owns 68,083 shares of the oil and gas producer’s stock worth $2,503,000 after purchasing an additional 29,469 shares during the period. Capital Research Global Investors grew its holdings in CNX Resources by 38.6% in the third quarter. Capital Research Global Investors now owns 3,950,000 shares of the oil and gas producer’s stock worth $126,874,000 after purchasing an additional 1,100,000 shares during the period. Ossiam grew its holdings in shares of CNX Resources by 116.9% during the third quarter. Ossiam now owns 672,400 shares of the oil and gas producer’s stock valued at $21,597,000 after buying an additional 362,400 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of CNX Resources during the third quarter valued at about $12,960,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

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Insiders Place Their Bets

In other CNX Resources news, Director Maureen Lally-Green sold 23,631 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $39.52, for a total transaction of $933,897.12. Following the transaction, the director directly owned 169,577 shares of the company’s stock, valued at approximately $6,701,683.04. The trade was a 12.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William N. Thorndike, Jr. sold 28,800 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $38.25, for a total transaction of $1,101,600.00. Following the transaction, the director directly owned 426,585 shares in the company, valued at approximately $16,316,876.25. The trade was a 6.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CNX shares. Zacks Research lowered shares of CNX Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Truist Financial began coverage on shares of CNX Resources in a research note on Tuesday, March 24th. They set a “sell” rating and a $35.00 price objective for the company. Mizuho cut their price target on shares of CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Tudor Pickering raised shares of CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Morgan Stanley restated an “underweight” rating on shares of CNX Resources in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, CNX Resources currently has an average rating of “Reduce” and an average target price of $35.44.

View Our Latest Research Report on CNX Resources

CNX Resources Trading Down 1.5%

NYSE:CNX opened at $33.53 on Friday. 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 fifty day moving average of $37.21 and a 200 day moving average of $38.15. The firm has a market capitalization of $4.74 billion, a P/E ratio of 4.66 and a beta of 0.58. CNX Resources Corporation. has a 52 week low of $27.72 and a 52 week high of $43.62.

CNX Resources Company Profile

(Free Report)

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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