Palmer Clarkson Sells Shares of CNX Resources

Palmer Clarkson, an insider at CNX Resources Corporation, sold 22,129 shares of the company on June 18, 2026. The stock was trading near $33.20 on that day. The transaction was not part of a pre-planned trading program.

Other Institutional Activity in CNX Resources

Several institutional investors have also been active in CNX Resources. BlackRock, Inc. increased its holdings by 1,193,583 shares, bringing its total to 18,006,164 shares worth about $694.1 million. Dimensional Fund Advisors LP added 28,851 shares, reaching a total of 8,774,069 shares valued at $338.3 million. Vanguard Portfolio Management LLC opened a new position with 7,233,604 shares, valued at approximately $278.9 million. State Street Corp boosted its stake by 1,059,102 shares, now holding 7,115,667 shares worth $274.3 million. Meanwhile, Neuberger Berman Group LLC trimmed its position by 206,274 shares, leaving it with 6,909,377 shares valued at $266.5 million.

CNX Resources Corporation Stock Down 8.3%

Shares of NYSE:CNX traded near $33.20 on Tuesday. CNX Resources Corporation, with a market cap of approximately $4.70 billion, has a P/E ratio of 4.43 and a forward P/E of 7.84. The company has a beta of 0.585, indicating lower volatility compared to the market. Its 52-week range is from $27.72 to $43.62, with a 50-day moving average of $36.11 and a 200-day moving average of $36.41. The current ratio is 0.494, and the quick ratio is 0.26, with a debt-to-equity ratio of 54.83.

Recent Earnings

CNX Resources reported revenue of $2.24 billion, with a revenue growth rate of 28.2%. The company achieved a net margin of 52.7% and a return on equity of 28.1%. Its earnings per share stood at $7.50. The next earnings report is scheduled for July 23, 2026.

Analysts Set New Price Targets

On May 27, 2026, Mizuho maintained a hold rating on CNX Resources, setting a price target of $42. Truist Securities initiated coverage on March 24, 2026, with a sell rating and a $35 target. Barclays, on March 16, 2026, maintained a sell rating with a $36 target. The consensus among analysts is a hold, with an average price target of $38.82 based on 11 analyst opinions.

About CNX Resources Corporation

CNX Resources Corporation is an independent natural gas company based in Canonsburg, Pennsylvania. It focuses on the acquisition, exploration, and production of natural gas properties, primarily in the Appalachian Basin. The company operates in two segments: Shale and Coalbed Methane. CNX Resources designs and operates natural gas gathering systems and offers solutions for water sourcing and disposal. The company, led by CEO Mr. Alan K. Shepard, employs about 390 people.

Bottom Line

Palmer Clarkson's recent sale of CNX Resources shares is a notable insider transaction. Investors follow such moves closely as part of their due diligence. It's important to remember that insider sales can occur for many reasons and do not necessarily indicate a lack of confidence in the company. This transaction adds to the institutional activity seen in CNX Resources, reflecting varied investor strategies.