State Street Amends CNX Resources Stake, Maintains Passive Holding
Ticker: CNX · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1070412
| Field | Detail |
|---|---|
| Company | Cnx Resources Corp (CNX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns CNX stock, no big changes, just an update.**
AI Summary
State Street Corp. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of CNX Resources Corp. common stock as of December 31, 2023. This filing updates previous disclosures, showing State Street's continued significant, but passive, investment in the natural gas company. This matters to investors because large institutional holdings like State Street's can provide a level of stability and confidence in the stock, as major financial institutions typically conduct extensive due diligence before making such investments.
Why It Matters
This filing confirms State Street's ongoing, substantial, yet passive, investment in CNX Resources, signaling institutional confidence without intent to influence management.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating no immediate change in investment strategy or significant new risks.
Analyst Insight
Investors should note that State Street Corp. continues to hold a passive stake in CNX Resources, suggesting no immediate activist intentions or significant shifts in institutional sentiment. This filing is a routine update, not a signal for immediate action.
Key Players & Entities
- State Street Corp. (company) — the institutional investor filing the SC 13G/A
- CNX Resources Corp. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership of securities.
Who is the 'subject company' in this filing?
The subject company, whose common stock is being reported, is CNX Resources Corp., identified by CIK 0001070412.
Who is the 'filed by' entity in this document?
The entity that filed this document is State Street Corp., identified by CIK 0000093751.
What is the CUSIP number for the securities discussed?
The CUSIP number for the common stock of CNX Resources Corp. is 12653C108.
What was the 'date of event' that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding CNX Resources Corp (CNX).