Teza Capital Management LLC Has $1.02 Million Stock Position in CNX Resources Co. (NYSE:CNX)

Teza Capital Management LLC grew its position in CNX Resources Co. (NYSE:CNX) by 12.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 27,770 shares of the oil and gas producer’s stock after purchasing an additional 2,999 shares during the period. Teza Capital Management LLC’s holdings in CNX Resources were worth $1,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ProShare Advisors LLC increased its stake in shares of CNX Resources by 39.2% in the 4th quarter. ProShare Advisors LLC now owns 48,083 shares of the oil and gas producer’s stock valued at $1,763,000 after buying an additional 13,552 shares during the period. Quantedge Capital Pte Ltd acquired a new stake in shares of CNX Resources in the 4th quarter valued at $2,574,000. Quantinno Capital Management LP bought a new position in shares of CNX Resources in the 4th quarter worth $244,000. Nuveen Asset Management LLC boosted its position in shares of CNX Resources by 30.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,365,407 shares of the oil and gas producer’s stock worth $50,069,000 after purchasing an additional 322,203 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in shares of CNX Resources in the 4th quarter worth $443,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stephens upgraded CNX Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $35.00 to $48.00 in a research report on Tuesday, March 18th. JPMorgan Chase & Co. raised their price target on CNX Resources from $32.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, March 13th. Roth Capital set a $30.00 price target on CNX Resources in a research report on Thursday, January 23rd. Scotiabank upgraded CNX Resources from a “sector underperform” rating to a “sector perform” rating and set a $33.00 price target on the stock in a research report on Friday, April 11th. Finally, Piper Sandler raised their price target on CNX Resources from $21.00 to $25.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 13th. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.58.

Insider Activity

In other news, Director J. Palmer Clarkson purchased 10,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $31.20 per share, for a total transaction of $312,000.00. Following the completion of the acquisition, the director now directly owns 245,433 shares in the company, valued at approximately $7,657,509.60. This trade represents a 4.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.

CNX Resources Stock Performance

Shares of CNX Resources stock opened at $33.01 on Monday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of -48.54, a price-to-earnings-growth ratio of 0.42 and a beta of 0.62. The stock’s 50-day moving average is $30.69 and its 200-day moving average is $32.61. CNX Resources Co. has a one year low of $23.63 and a one year high of $41.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.33 and a quick ratio of 0.32.

CNX Resources Company 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.