CNX Resources Corporation traded lower in Q1 due to disappointing outcome for government incentives.

From Yahoo Finance: 2025-04-21 08:13:00

Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” first quarter 2025 investor letter. The fund returned -5.14% in the first quarter, compared to the S&P 500’s -4.27% return and Russell 1000 Value’s 2.14% return. The firm’s stock price performance was volatile, but its confidence in future returns grew as the quarter progressed.

In its first-quarter 2025 investor letter, Longleaf Partners Fund highlighted stocks such as CNX Resources Corporation (NYSE:CNX). CNX Resources Corporation (NYSE:CNX) is an independent natural gas and midstream company. The one-month return of CNX Resources Corporation (NYSE:CNX) was -3.78%, and its shares gained 30.04% of their value over the last 52 weeks.

Longleaf Partners Fund stated the following regarding CNX Resources Corporation (NYSE:CNX) in its Q1 2025 investor letter: “CNX Resources – Natural gas company CNX Resources was a detractor for the quarter. While CNX Resources Corporation (NYSE:CNX) was one of our stronger performers in 2024, it started the year with a disappointing outcome regarding government incentives for its coal mine methane gas capture program.

CNX Resources Corporation (NYSE:CNX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held CNX Resources Corporation (NYSE:CNX) at the end of the fourth quarter which was 31 in the previous quarter. While we acknowledge the potential of CNX Resources Corporation (NYSE:CNX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe.

Read more: Here’s Why CNX Resources Corporation (CNX) Traded Lower in Q1