Teacher Retirement System of Texas Trims Stake in CNX Resources Corporation. $CNX

Teacher Retirement System of Texas cut its position in CNX Resources Corporation. (NYSE:CNX) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,166 shares of the oil and gas producer’s stock after selling 3,595 shares during the quarter. Teacher Retirement System of Texas’ holdings in CNX Resources were worth $949,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of CNX Resources during the first quarter worth approximately $718,000. Principal Financial Group Inc. boosted its stake in CNX Resources by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 472,300 shares of the oil and gas producer’s stock worth $14,868,000 after purchasing an additional 7,440 shares during the period. HighTower Advisors LLC grew its position in CNX Resources by 59.7% during the 1st quarter. HighTower Advisors LLC now owns 46,592 shares of the oil and gas producer’s stock worth $1,467,000 after purchasing an additional 17,424 shares during the last quarter. Bridges Investment Management Inc. increased its stake in CNX Resources by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 44,673 shares of the oil and gas producer’s stock valued at $1,406,000 after purchasing an additional 23,531 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of CNX Resources by 3.5% in the first quarter. LPL Financial LLC now owns 87,661 shares of the oil and gas producer’s stock valued at $2,760,000 after buying an additional 2,927 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

CNX Resources Trading Up 0.8%

Shares of CNX stock opened at $34.30 on Friday. The business’s fifty day moving average price is $31.67 and its 200 day moving average price is $31.49. The firm has a market capitalization of $4.62 billion, a PE ratio of 58.14, a P/E/G ratio of 0.35 and a beta of 0.56. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.33 and a quick ratio of 0.30. CNX Resources Corporation. has a 1-year low of $27.00 and a 1-year high of $41.93.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CNX. Piper Sandler lowered their price target on CNX Resources from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Thursday, August 14th. Zacks Research upgraded CNX Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of CNX Resources in a research note on Wednesday. Morgan Stanley decreased their price target on CNX Resources from $32.00 to $31.00 and set an “underweight” rating for the company in a report on Tuesday, October 14th. Finally, Barclays boosted their price objective on shares of CNX Resources from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $32.67.

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.