Jennison Associates LLC decreased its stake in CONSOL Energy Inc. (NYSE:CNX) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 993,730 shares of the oil and gas producer’s stock after selling 77,355 shares during the period. Jennison Associates LLC owned 0.43% of CONSOL Energy worth $14,846,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CNX. KBC Group NV increased its stake in shares of CONSOL Energy by 76.0% in the second quarter. KBC Group NV now owns 356,131 shares of the oil and gas producer’s stock valued at $5,321,000 after buying an additional 153,755 shares during the period. Comerica Bank increased its stake in shares of CONSOL Energy by 0.6% in the second quarter. Comerica Bank now owns 152,499 shares of the oil and gas producer’s stock valued at $2,460,000 after buying an additional 933 shares during the period. Murphy Pohlad Asset Management LLC increased its stake in shares of CONSOL Energy by 4.3% in the second quarter. Murphy Pohlad Asset Management LLC now owns 36,700 shares of the oil and gas producer’s stock valued at $548,000 after buying an additional 1,500 shares during the period. Bank of New York Mellon Corp increased its stake in shares of CONSOL Energy by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 2,321,275 shares of the oil and gas producer’s stock valued at $34,679,000 after buying an additional 7,240 shares during the period. Finally, LMR Partners LLP bought a new stake in shares of CONSOL Energy during the second quarter valued at approximately $289,000.

CONSOL Energy Inc. (NYSE:CNX) opened at 14.64 on Friday. The company has a 50 day moving average of $15.39 and a 200 day moving average of $15.61. The company’s market capitalization is $3.37 billion. CONSOL Energy Inc. has a 1-year low of $13.55 and a 1-year high of $22.34.

CONSOL Energy (NYSE:CNX) last released its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 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 business had revenue of $865.95 million for the quarter, compared to the consensus estimate of $678.79 million. During the same period in the previous year, the company 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, analysts predict that CONSOL Energy Inc. will post $0.61 earnings per share for the current fiscal year.

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Several analysts have commented on the stock. Stifel Nicolaus set a $26.00 target price on shares of CONSOL Energy and gave the stock a “buy” rating in a report on Friday. Scotiabank set a $22.00 target price on shares of CONSOL Energy and gave the stock a “hold” rating in a report on Tuesday, August 22nd. BidaskClub downgraded shares of CONSOL Energy from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research downgraded shares of CONSOL Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC set a $20.00 target price on shares of CONSOL Energy and gave the stock a “buy” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.97.

In related news, Director J. Palmer Clarkson bought 10,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average cost of $15.40 per share, with a total value of $154,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.

Institutional Ownership by Quarter for CONSOL Energy (NYSE:CNX)

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