CNX Resources Corporation (NYSE:CNX) produced a 27.36% rally since recording the worst price of $6.14. Thanks to the latest 26.33% increase, it now trades at $7.82. Throughout the trading on 7/30/2019, the share price floated between $6.32 and $8.02. This company shares are 50.26% off its target price of $11.75 and the current market capitalization stands at $1.59B. The recent change has given its price a 6.33% lead over SMA 50 and -52.38% deficit over its 52-week high. The stock witnessed 6.98% gains, -12.72% declines and -40.8% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CNX’s volatility during a week at 10.9% and during a month it has been found around 5.44%.
What Does CNX Resources Corporation (CNX) Do?
The company describes itself in regulatory filings as, “CNX Resources Corp. is an oil and gas company, which engages in the exploration, development, production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin. The firm operates through the following segments: Marcellus Shale, Coalbed Methane, Utica and Other Gas. The The company was founded in 1864 and is headquartered in Canonsburg, PA.” [Text can be found here: https://www.marketwatch.com/investing/stock/CNX/profile under company description.]CNX Resources Corporation (CNX) Top Holders
Institutional investors currently hold around $1.18 billion or 0% in CNX stock. Look at its top three institutional owners: Southeastern Asset Management Inc/Tn/ owns $291.23 million in CNX Resources Corporation, which represents roughly 18.32% of the company’s market cap and approximately 24.64% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 18,072,452 shares of the stock are valued at $111.87 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $99.86 million worth of this stock and that ownership represents nearly 6.28% of its market capitalization.
At the end of March reporting period, 109 institutional holders increased their position in CNX Resources Corporation (NYSE:CNX) by some 16,513,955 shares, 158 decreased positions by 23,376,040 and 41 held positions by 151,125,632. That puts total institutional holdings at 191,015,627 shares, according to SEC filings. The stock grabbed 37 new institutional investments totaling 2,627,015 shares while 57 institutional investors sold out their entire positions totaling 5,280,364 shares.CNX Resources Corporation (NYSE:CNX) Insider Trades
Multiple company employees have indulged in significant insider trading. CNX Resources Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director LANIGAN BERNARD JR has acquired 200,000 shares of CNX Resources Corporation (CNX) in the trading session dated Jul. 26, 2019. These shares are worth $1,278,000 and were traded at $6.39 each. The SEC filing shows that Clarkson J. Palmer performed a purchase of 20,000 shares. The Director added these shares by way of transaction on Jun. 25, 2019. The company’s shares were assimilated at $6.98 per share worth to an investment of some $139,600 to the account of Clarkson J. Palmer.
Director, LANIGAN BERNARD JR, purchased 36,200 common shares of CNX Resources Corporation (CNX) in the open market. In a transaction dated Jun. 25, 2019, the shares were bought at an average price of $6.91, giving away a sum of $250,142. After this purchase, 577,603 common shares of CNX are directly owned by the insider, with total stake valued at $4,516,856.
In the transaction dated Jun. 19, 2019, a great number of shares acquired came courtesy the Director; LANIGAN BERNARD JR added a total of 34,150 shares at an average price of $7.32, amounting to approximately $249,978. The insider now directly owns 541,403 shares worth $4,233,772.CNX Resources Corporation (CNX) Analyst Guide
Several analysts have released their opinion on CNX Resources Corporation (NYSE:CNX), with 1 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 2 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.57 average brokerage recommendation [T1].