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Mizuho has maintained its coverage of CNX Resources (NYSE:CNX) with an Underperform recommendation, according to Fintel reports on September 18, 2023. The average one-year price target for CNX Resources is $21.83, with a range from $19.19 to $28.35. This represents a 0.54% increase from its latest reported closing price of $21.71. The projected annual revenue for CNX Resources is $2,130MM, a decrease of 25.24%, and the projected annual non-GAAP EPS is $2.86. There are 626 funds or institutions reporting positions in CNX Resources, which is a decrease of 52 owners or 7.67% in the last quarter. The average portfolio weight of all funds dedicated to CNX is 0.23%, a decrease of 2.84%. The total shares owned by institutions decreased by 3.22% to 187,469K shares in the last three months. The put/call ratio of CNX is 0.99, indicating a bullish outlook. Southeastern Asset Management holds 12,159K shares, representing 7.53% ownership of the company. In its prior filing, the firm reported owning 13,759K shares, representing a decrease of 13.16%. The firm increased its portfolio allocation in CNX by 4.69% over the last quarter. IJH – iShares Core S&P Mid-Cap ETF holds 5,023K shares, representing 3.11% ownership of the company. In its prior filing, the firm reported owning 5,248K shares, representing a decrease of 4.50%. The firm increased its portfolio allocation in CNX by 1.39% over the last quarter. LLPFX – Longleaf Partners Fund holds 4,825K shares, representing 2.99% ownership of the company. In its prior filing, the firm reported owning 4,874K shares, representing a decrease of 1.01%. The firm increased its portfolio allocation in CNX by 6.72% over the last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 4,789K shares, representing 2.97% ownership of the company. In its prior filing, the firm reported owning 5,074K shares, representing a decrease of 5.95%. The firm decreased its portfolio allocation in CNX by 3.68% over the last quarter. DFSVX – U.S. Small Cap Value Portfolio – Institutional Class holds 4,306K shares, representing 2.67% ownership of the company. In its prior filing, the firm reported owning 4,353K shares, representing a decrease of 1.10%. The firm increased its portfolio allocation in CNX by 2.39% over the last quarter. CNX Resources Corporation is one of the largest independent natural gas exploration, development, and production companies. It operates in the major shale formations of the Appalachian basin. As of December 31, 2020, CNX had 9.55 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor’s Midcap 400 Index. Fintel is a comprehensive investing research platform that provides data on fundamentals, analyst reports, ownership data, fund sentiment, options sentiment, insider trading, options flow, and more. They also offer exclusive stock picks powered by advanced, backtested quantitative models for improved profits. Please note that the views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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