American International Group Inc. Decreases Stock Holdings in CNX Resources Co. (NYSE:CNX)

American International Group Inc. trimmed its stake in shares of CNX Resources Co. (NYSE:CNX) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 291,187 shares of the oil and gas producer’s stock after selling 14,458 shares during the period. American International Group Inc. owned approximately 0.19% of CNX Resources worth $5,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Parkwood LLC increased its holdings in CNX Resources by 11.2% during the fourth quarter. Parkwood LLC now owns 490,435 shares of the oil and gas producer’s stock valued at $9,809,000 after buying an additional 49,278 shares during the last quarter. CoreCommodity Management LLC lifted its holdings in shares of CNX Resources by 45.4% in the fourth quarter. CoreCommodity Management LLC now owns 83,566 shares of the oil and gas producer’s stock worth $1,671,000 after buying an additional 26,084 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of CNX Resources by 7.1% in the fourth quarter. Rafferty Asset Management LLC now owns 351,934 shares of the oil and gas producer’s stock worth $7,039,000 after buying an additional 23,195 shares in the last quarter. Dorsey Wright & Associates lifted its holdings in shares of CNX Resources by 10.7% in the fourth quarter. Dorsey Wright & Associates now owns 257,833 shares of the oil and gas producer’s stock worth $5,157,000 after buying an additional 24,986 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of CNX Resources by 116.4% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 52,834 shares of the oil and gas producer’s stock worth $1,057,000 after buying an additional 28,418 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Scotiabank boosted their target price on shares of CNX Resources from $20.00 to $25.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 11th. Mizuho boosted their target price on shares of CNX Resources from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Truist Financial boosted their target price on shares of CNX Resources from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Roth Mkm upped their price target on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Piper Sandler upped their price target on shares of CNX Resources from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.00.

CNX Resources Trading Up 0.5 %

NYSE CNX opened at $24.16 on Friday. The company’s 50-day moving average price is $24.46 and its 200-day moving average price is $22.20. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.70 billion, a PE ratio of 4.38 and a beta of 1.34. CNX Resources Co. has a 12 month low of $16.62 and a 12 month high of $26.57.

CNX Resources (NYSE:CNX) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas producer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $381.00 million for the quarter, compared to analysts’ expectations of $420.13 million. CNX Resources had a net margin of 40.44% and a return on equity of 7.68%. Equities research analysts forecast that CNX Resources Co. will post 1.32 earnings per share for the current year.

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.