Healthcare of Ontario Pension Plan Trust Fund Buys 344,042 Shares of CNX Resources Corporation. $CNX

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of CNX Resources Corporation. (NYSE:CNX) by 451.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 420,244 shares of the oil and gas producer’s stock after purchasing an additional 344,042 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CNX Resources were worth $16,200,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in shares of CNX Resources by 56.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 810 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 293 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in CNX Resources by 8.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,464 shares of the oil and gas producer’s stock worth $164,000 after buying an additional 353 shares in the last quarter. Aigen Investment Management LP boosted its position in CNX Resources by 4.9% in the 4th quarter. Aigen Investment Management LP now owns 7,619 shares of the oil and gas producer’s stock valued at $280,000 after buying an additional 354 shares during the last quarter. Arkadios Wealth Advisors boosted its position in CNX Resources by 3.2% in the 4th quarter. Arkadios Wealth Advisors now owns 13,028 shares of the oil and gas producer’s stock valued at $479,000 after buying an additional 400 shares during the last quarter. Finally, Petra Financial Advisors Inc. increased its stake in shares of CNX Resources by 1.1% in the 1st quarter. Petra Financial Advisors Inc. now owns 55,393 shares of the oil and gas producer’s stock valued at $2,135,000 after buying an additional 621 shares during the period. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CNX has been the subject of a number of recent research reports. Zacks Research downgraded CNX Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Mizuho decreased their price target on CNX Resources from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Tudor Pickering upgraded CNX Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Truist Financial raised CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a report on Wednesday, July 15th. Finally, Barclays dropped their price objective on CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, CNX Resources has a consensus rating of “Reduce” and an average price target of $35.44.

Insider Activity at CNX Resources

In related news, Director William N. Thorndike, Jr. sold 28,800 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $38.25, for a total value of $1,101,600.00. Following the completion of the sale, the director owned 426,585 shares in the company, valued at approximately $16,316,876.25. This represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.03% of the stock is currently owned by company insiders.

CNX Resources Stock Performance

Shares of CNX Resources stock opened at $33.80 on Tuesday. The firm has a fifty day moving average of $33.66 and a two-hundred day moving average of $36.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.46 and a current ratio of 0.49. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 4.69 and a beta of 0.59. CNX Resources Corporation. has a 52 week low of $27.72 and a 52 week high of $43.62.

CNX Resources Company Profile

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.