Pacer Advisors Inc. Sells 636,100 Shares of CNX Resources Corporation. $CNX

Pacer Advisors Inc. decreased its position in shares of CNX Resources Corporation. (NYSE:CNX) by 94.6% in the first quarter, HoldingsChannel reports. The fund owned 36,379 shares of the oil and gas producer’s stock after selling 636,100 shares during the quarter. Pacer Advisors Inc.’s holdings in CNX Resources were worth $1,402,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in CNX Resources by 6,057.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,838,852 shares of the oil and gas producer’s stock worth $147,988,000 after purchasing an additional 3,776,511 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of CNX Resources by 601.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,105,456 shares of the oil and gas producer’s stock valued at $35,507,000 after purchasing an additional 947,931 shares during the last quarter. Capital Research Global Investors boosted its position in shares of CNX Resources by 20.6% in the 4th quarter. Capital Research Global Investors now owns 4,765,039 shares of the oil and gas producer’s stock worth $175,210,000 after purchasing an additional 815,039 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of CNX Resources by 45.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,021,403 shares of the oil and gas producer’s stock worth $74,327,000 after purchasing an additional 633,539 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in CNX Resources by 112.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,007,486 shares of the oil and gas producer’s stock worth $33,932,000 after buying an additional 532,770 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on CNX. Tudor Pickering raised CNX Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Zacks Research lowered CNX Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Truist Financial upgraded shares of CNX Resources from a “sell” rating to a “hold” rating and set a $35.00 price objective on the stock in a report on Wednesday, July 15th. Mizuho decreased their price objective on shares of CNX Resources from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. Finally, Barclays decreased their price target on shares of CNX Resources from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, May 26th. Nine research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, CNX Resources has a consensus rating of “Reduce” and a consensus target price of $35.44.

CNX Resources Trading Up 0.0%

Shares of CNX Resources stock opened at $35.13 on Friday. CNX Resources Corporation. has a fifty-two week low of $27.72 and a fifty-two week high of $43.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 0.72. The company has a market cap of $5.20 billion, a P/E ratio of 5.87 and a beta of 0.60. The firm has a 50-day simple moving average of $33.65 and a two-hundred day simple moving average of $36.91.

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.