Commerzbank Aktiengesellschaft FI cut its holdings in shares of CONSOL Energy Inc. (NYSE:CNX) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,642 shares of the oil and gas producer’s stock after selling 2,637 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in CONSOL Energy were worth $503,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. ANTIPODES PARTNERS Ltd grew its position in shares of CONSOL Energy by 117.5% during the second quarter. ANTIPODES PARTNERS Ltd now owns 2,806,977 shares of the oil and gas producer’s stock worth $41,936,000 after acquiring an additional 1,516,289 shares during the last quarter. Ardevora Asset Management LLP lifted its holdings in shares of CONSOL Energy by 44.0% during the second quarter. Ardevora Asset Management LLP now owns 1,552,600 shares of the oil and gas producer’s stock worth $23,196,000 after purchasing an additional 474,100 shares during the period. Chicago Equity Partners LLC lifted its holdings in shares of CONSOL Energy by 62.5% during the second quarter. Chicago Equity Partners LLC now owns 127,505 shares of the oil and gas producer’s stock worth $1,905,000 after purchasing an additional 49,030 shares during the period. Marshall Wace North America L.P. lifted its holdings in shares of CONSOL Energy by 170.5% during the second quarter. Marshall Wace North America L.P. now owns 601,636 shares of the oil and gas producer’s stock worth $9,025,000 after purchasing an additional 379,243 shares during the period. Finally, Credit Agricole S A lifted its holdings in shares of CONSOL Energy by 78.9% during the first quarter. Credit Agricole S A now owns 40,446 shares of the oil and gas producer’s stock worth $679,000 after purchasing an additional 17,844 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.
Several brokerages recently weighed in on CNX. Zacks Investment Research downgraded CONSOL Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of CONSOL Energy in a report on Friday, July 14th. Scotiabank set a $21.00 price target on CONSOL Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. FBR & Co reaffirmed a “buy” rating on shares of CONSOL Energy in a report on Thursday, May 18th. Finally, Barclays PLC reaffirmed a “hold” rating on shares of CONSOL Energy in a report on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.74.
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Shares of CONSOL Energy Inc. (CNX) opened at 14.21 on Friday. The firm has a 50-day moving average price of $15.08 and a 200-day moving average price of $15.43. CONSOL Energy Inc. has a 12-month low of $13.55 and a 12-month high of $22.34. The firm’s market cap is $3.27 billion.
CONSOL Energy (NYSE:CNX) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. The company had revenue of $865.95 million during the quarter, compared to analysts’ expectations of $678.79 million. During the same quarter in the prior year, the business posted ($0.21) earnings per share. The company’s revenue for the quarter was up 202.8% compared to the same quarter last year. On average, equities research analysts expect that CONSOL Energy Inc. will post $0.57 earnings per share for the current fiscal year.
CONSOL Energy declared that its board has initiated a stock buyback program on Tuesday, September 5th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the oil and gas producer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In other CONSOL Energy news, Director J. Palmer Clarkson purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $15.40 per share, with a total value of $154,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
CONSOL Energy Company Profile
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company. The Company’s divisions include Exploration and Production (E&P), Pennsylvania (PA) Mining Operations and Other. The E&P division operates through four segments: Marcellus Shale, Utica Shale, Coalbed Methane (CBM) and Other Gas, which produce pipeline quality natural gas for sale primarily to gas wholesalers.
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