Callan Family Office LLC Acquires Shares of 8,232 CNX Resources Corporation. $CNX

by · The Cerbat Gem

Callan Family Office LLC acquired a new stake in shares of CNX Resources Corporation. (NYSE:CNX – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 8,232 shares of the oil and gas producer’s stock, valued at approximately $277,000.

Other hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in shares of CNX Resources in the 2nd quarter valued at about $32,000. Farther Finance Advisors LLC increased its holdings in CNX Resources by 21.0% in the first quarter. Farther Finance Advisors LLC now owns 2,931 shares of the oil and gas producer’s stock worth $93,000 after buying an additional 508 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in CNX Resources in the second quarter worth approximately $115,000. GAMMA Investing LLC increased its holdings in CNX Resources by 11.5% in the second quarter. GAMMA Investing LLC now owns 3,760 shares of the oil and gas producer’s stock worth $127,000 after buying an additional 389 shares during the last quarter. Finally, Autumn Glory Partners LLC acquired a new position in CNX Resources in the second quarter worth approximately $202,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Siebert Williams Shank assumed coverage on CNX Resources in a report on Monday, September 15th. They set a “hold” rating and a $32.00 price target on the stock. Morgan Stanley lowered their price target on CNX Resources from $32.00 to $31.00 and set an “underweight” rating on the stock in a report on Tuesday. 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. TD Cowen upgraded CNX Resources to a “hold” rating in a report on Monday, July 7th. Finally, Zacks Research downgraded CNX Resources from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. One equities research 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 MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $32.50.

View Our Latest Stock Analysis on CNX

CNX Resources Stock Down 2.0%

CNX opened at $31.76 on Friday. CNX Resources Corporation. has a 1-year low of $27.00 and a 1-year high of $41.93. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 53.83, a P/E/G ratio of 0.30 and a beta of 0.55. The business has a 50 day moving average of $30.45 and a 200-day moving average of $31.19.

CNX Resources Company Profile

(Free Report)

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.

See Also

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