BlackRock Amends CNX Resources Stake, Signals Position as of Dec 31

Ticker: CNX · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**BlackRock updated its CNX Resources stake as of year-end 2023.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of CNX Resources Corp's Common Stock as of December 31, 2023. This filing, Amendment No. 2, updates their previous disclosures regarding their stake in the crude petroleum and natural gas company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in CNX Resources' future performance, potentially influencing other investors' decisions.

Why It Matters

Large institutional ownership by firms like BlackRock can provide stability and legitimacy to a stock, but significant changes in their holdings can also precede price movements.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate or significant risk.

Analyst Insight

Investors should monitor subsequent amendments from BlackRock for any significant changes in their ownership percentage, as this could signal a shift in their investment thesis for CNX Resources Corp.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 2'.

Who is the 'subject company' in this filing?

The subject company is CNX Resources Corp, identified by 'COMPANY CONFORMED NAME: CNX Resources Corp' and CIK 0001070412.

Who is the 'filer' of this document?

The filer of this document is BlackRock Inc., identified by 'COMPANY CONFORMED NAME: BlackRock Inc.' and CIK 0001364742.

What is the 'Date of Event Which Requires Filing of this Statement'?

The date of the event requiring this filing is December 31, 2023, as stated in the filing.

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)' in the document.

From the Filing

0001086364-24-001720.txt : 20240123 0001086364-24-001720.hdr.sgml : 20240123 20240123161358 ACCESSION NUMBER: 0001086364-24-001720 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CNX Resources Corp CENTRAL INDEX KEY: 0001070412 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 510337383 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56369 FILM NUMBER: 24552742 BUSINESS ADDRESS: STREET 1: CNX CENTER STREET 2: 1000 CONSOL ENERGY DRIVE CITY: CANONSBURG STATE: PA ZIP: 15317 BUSINESS PHONE: 724-485-4000 MAIL ADDRESS: STREET 1: CNX CENTER STREET 2: 1000 CONSOL ENERGY DRIVE CITY: CANONSBURG STATE: PA ZIP: 15317 FORMER COMPANY: FORMER CONFORMED NAME: CONSOL Energy Inc DATE OF NAME CHANGE: 20090303 FORMER COMPANY: FORMER CONFORMED NAME: CONSOL ENERGY INC DATE OF NAME CHANGE: 19980915 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us12653c1080_012324.txt us12653c1080_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2) CNX Resources Corp -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 12653C108 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 12653C108 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 19366846 (6) Shared voting power 0 (7) Sole dispositive power 19717169 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 19717169 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 12.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CNX Resources Corp Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- CNX CENTER 1000 CONSOL ENERGY

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