Marshall Wace LLP acquired a new stake in shares of CNX Resources Co. (NYSE:CNX – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,989,275 shares of the oil and gas producer’s stock, valued at approximately $35,250,000. Marshall Wace LLP owned approximately 1.23% of CNX Resources at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Duality Advisers LP boosted its position in CNX Resources by 4.2% during the first quarter. Duality Advisers LP now owns 105,133 shares of the oil and gas producer’s stock valued at $1,684,000 after purchasing an additional 4,195 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in CNX Resources by 2.4% in the second quarter. King Luther Capital Management Corp now owns 186,556 shares of the oil and gas producer’s stock worth $3,306,000 after acquiring an additional 4,290 shares in the last quarter. Delphia USA Inc. boosted its holdings in CNX Resources by 16.6% in the first quarter. Delphia USA Inc. now owns 23,091 shares of the oil and gas producer’s stock worth $370,000 after acquiring an additional 3,294 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in CNX Resources by 38.0% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 20,968 shares of the oil and gas producer’s stock worth $336,000 after acquiring an additional 5,775 shares in the last quarter. Finally, Parkwood LLC boosted its holdings in CNX Resources by 27.2% in the first quarter. Parkwood LLC now owns 422,538 shares of the oil and gas producer’s stock worth $6,769,000 after acquiring an additional 90,258 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

CNX has been the subject of several recent analyst reports. Truist Financial raised CNX Resources from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $27.00 in a report on Monday, December 4th. StockNews.com raised CNX Resources from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Stephens restated an “equal weight” rating and issued a $24.00 price objective on shares of CNX Resources in a research note on Thursday, October 12th. Piper Sandler raised their price objective on CNX Resources from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Finally, Mizuho raised their price objective on CNX Resources from $22.00 to $24.00 and gave the stock an “underperform” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.40.

Get Our Latest Stock Report on CNX Resources

Insider Activity at CNX Resources

In related news, Director Bernard Lanigan, Jr. purchased 98,635 shares of CNX Resources stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of $22.00 per share, for a total transaction of $2,169,970.00. Following the completion of the transaction, the director now owns 206,015 shares in the company, valued at $4,532,330. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other CNX Resources news, Director Bernard Lanigan, Jr. acquired 98,635 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $22.00 per share, for a total transaction of $2,169,970.00. Following the completion of the transaction, the director now directly owns 206,015 shares of the company’s stock, valued at $4,532,330. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bernard Lanigan, Jr. acquired 45,805 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average price of $21.83 per share, with a total value of $999,923.15. Following the completion of the transaction, the director now directly owns 251,820 shares of the company’s stock, valued at $5,497,230.60. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.

CNX Resources Stock Up 1.0 %

Shares of CNX stock opened at $20.05 on Friday. The stock has a 50 day moving average of $21.66 and a 200 day moving average of $20.22. The company has a current ratio of 0.30, a quick ratio of 0.28 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.18 billion, a P/E ratio of 1.69, a P/E/G ratio of 2.34 and a beta of 1.35. CNX Resources Co. has a twelve month low of $14.36 and a twelve month high of $23.68.

CNX Resources (NYSE:CNX – Get Free Report) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.09. The company had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $387.49 million. CNX Resources had a return on equity of 15.80% and a net margin of 58.04%. As a group, sell-side analysts expect that CNX Resources Co. will post 1.53 EPS for the current year.

CNX Resources Profile (Free Report)

CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produces 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.

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Original: MarketBeat News Feed: Marshall Wace LLP Acquires New Holdings in CNX Resources Co. (NYSE:CNX)