Is CNX Resources Corporation (CNX) Stock Pullback an Opportunity?

1 month ago 8

Soumya Eswaran

Mon, July 13, 2026 astatine 9:31 AM CDT 3 min read

Longleaf Partners, managed by Southeastern Asset Management, released its second-quarter 2026 capitalist missive for its "Partners Fund". A transcript of the missive tin beryllium downloaded here. The missive states that the portfolio holdings are charismatic present based connected some P/V and P/FCF metrics. However, the Fund returned 3.87% successful the quarter, importantly lagging the S&P 500's 15.20% instrumentality and the Russell 1000 Value Index's 13.87% gain. An underweight successful Information Technology (IT) chiefly contributed to the underperformance. The market's penchant for overvalued stocks successful Industrials and different sectors led to inflated multiples, overshadowing existent net power. The Firm's concern attack focuses connected median, unweighted multiples, prioritizing maturation successful escaped currency travel per share, the imaginable for aggregate expansion, and strategical initiatives. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.

In its Q2 2026 capitalist letter, Longleaf Partners Fund highlighted CNX Resources Corporation (NYSE:CNX). CNX Resources Corporation (NYSE:CNX) is an autarkic earthy state and midstream company. The one-month instrumentality of CNX Resources Corporation (NYSE:CNX) was -2.94%, and its shares mislaid 9.12% of their worth implicit the past 52 weeks. On July 10, 2026, CNX Resources Corporation (NYSE:CNX) banal closed astatine $31.99 per share, with a marketplace capitalization of $4.53 billion.

Longleaf Partners Fund stated the pursuing regarding CNX Resources Corporation (NYSE:CNX) successful its Q2 2026 capitalist update:

"CNX Resources Corporation (NYSE:CNX) – After contributing successful the archetypal quarter, earthy state institution CNX Resources detracted successful the 2nd quarter. The institution reported different coagulated 4th and continues to absorption connected steadily increasing FCF per stock and worth per share. While it was mildly disappointing that CNX did not get a fuller runup earlier successful the twelvemonth similar immoderate of its little conservatively financed vigor banal peers yet inactive traded disconnected this quarter, we instrumentality comfortableness knowing that the institution has been 1 of our champion stock repurchasers implicit the past respective years. This means that banal pullbacks are buying opportunities for the institution and for us. We had trimmed our presumption erstwhile vigor stocks were riding highest successful the aftermath of the Iran War, but we added backmost to CNX astatine amended prices recently."

Is CNX Resources (CNX) the Top Oil & Gas E&P Stock Outperforming Despite Sinking Oil Prices?

CNX Resources Corporation (NYSE:CNX) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 42 hedge money portfolios held CNX Resources Corporation (NYSE:CNX) astatine the extremity of the archetypal quarter, compared to 46 successful the erstwhile quarter. While we admit the imaginable of CNX Resources Corporation (NYSE:CNX) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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