Citigroup Trims Stake in CNX Resources

The investment bank reduced its holdings in the oil and gas producer by over 60% in the third quarter.

Mar. 4, 2026 at 8:54am

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Citigroup Inc. reduced its stake in CNX Resources Corporation by 60.8% in the third quarter, according to a recent SEC filing. The institutional investor now owns 147,180 shares of the oil and gas producer's stock, down from 375,740 shares previously.

Why it matters

This transaction highlights the shifting investment strategies of major financial institutions as they adjust their portfolios in response to market conditions and industry trends. CNX Resources is a key player in the Appalachian Basin's natural gas and liquids production.

The details

Citigroup sold 228,560 shares of CNX Resources in the third quarter, reducing its overall stake in the company to 0.11%. Several other institutional investors and hedge funds also adjusted their positions in CNX Resources during the period, with some increasing and others decreasing their holdings.

  • Citigroup filed the SEC report detailing the stake reduction in the third quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation.

CNX Resources Corporation

An independent natural gas and natural gas liquids producer focused on the Appalachian Basin.

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The takeaway

This transaction reflects the ongoing shifts in the energy sector as major investors reevaluate their portfolios. The changes in Citigroup's CNX Resources holdings underscore the need for companies to closely monitor institutional investor activity and adapt their strategies accordingly.