Levin Capital Strategies L.P. Sells 12,285 Shares of CNX Resources Corporation. $CNX

Levin Capital Strategies L.P. cut its stake in CNX Resources Corporation. (NYSE:CNX) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,702 shares of the oil and gas producer’s stock after selling 12,285 shares during the period. Levin Capital Strategies L.P. owned 0.10% of CNX Resources worth $4,840,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Assetmark Inc. boosted its holdings in CNX Resources by 1.1% in the second quarter. Assetmark Inc. now owns 899,631 shares of the oil and gas producer’s stock valued at $30,300,000 after acquiring an additional 10,224 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. boosted its holdings in CNX Resources by 2.4% in the second quarter. Eubel Brady & Suttman Asset Management Inc. now owns 397,005 shares of the oil and gas producer’s stock valued at $13,371,000 after acquiring an additional 9,321 shares during the last quarter. Petra Financial Advisors Inc. boosted its holdings in CNX Resources by 1.1% in the second quarter. Petra Financial Advisors Inc. now owns 56,928 shares of the oil and gas producer’s stock valued at $1,917,000 after acquiring an additional 622 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in CNX Resources by 1.5% in the second quarter. Peregrine Capital Management LLC now owns 160,212 shares of the oil and gas producer’s stock valued at $5,396,000 after acquiring an additional 2,416 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in CNX Resources in the second quarter valued at approximately $3,784,000. 95.16% of the stock is currently owned by institutional investors.

CNX Resources Price Performance

Shares of CNX opened at $34.51 on Tuesday. 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 business’s 50 day moving average price is $31.37 and its two-hundred day moving average price is $31.42. The firm has a market cap of $4.88 billion, a PE ratio of 58.48, a price-to-earnings-growth ratio of 0.35 and a beta of 0.55.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Piper Sandler reduced their target price on CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Thursday, August 14th. Siebert Williams Shank assumed coverage on CNX Resources in a research note on Monday, September 15th. They issued a “hold” rating and a $32.00 price target on the stock. TD Cowen raised CNX Resources to a “hold” rating in a research note on Monday, July 7th. Zacks Research lowered CNX Resources from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CNX Resources in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $32.67.

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.