Are Institutional Investors Accumulating CNX Resources Stock?



13F filer statistics for CNX Resources

In 4Q17, 135 funds were buyers of CNX Resources (CNX) stock, and 112 funds were sellers. That means that in 4Q17, total buying funds outnumbered total selling funds by 35. As of December 31, 2017, 262 13F filers held CNX in their portfolios. Six of those filers have CNX in their top ten holdings.

However, looking at the aggregate number of shares in 4Q17, 13F filers decreased their aggregate CNX holdings by 3%, from 229.7 million shares to 222.8 million shares.

As of December 31, 2017, CNX Resources had 230 million common shares outstanding.

Form 13F is an SEC (U.S. Securities and Exchange Commission) mandate that needs to be submitted by all institutional investors that manage more than $100 million in assets.

For context, in 4Q17, 13F filers increased their aggregate holdings in other oil and gas production companies operating in the Permian Basin. They increased their holdings for Diamondback Energy (FANG), Range Resources (RRC), and Gulfport Energy (GPOR) by 6.5%, 7.9%, and 0.2%, respectively.

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