CONSOL Energy Inc. (CNX) Stake Reduced by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can decreased its stake in CONSOL Energy Inc. (NYSE:CNX) by 42.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 107,132 shares of the oil and gas producer’s stock after selling 77,901 shares during the period. Great West Life Assurance Co. Can’s holdings in CONSOL Energy were worth $1,599,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd boosted its position in CONSOL Energy by 117.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 2,806,977 shares of the oil and gas producer’s stock valued at $41,936,000 after buying an additional 1,516,289 shares during the last quarter. Bank of Montreal Can boosted its position in CONSOL Energy by 12,407.3% in the second quarter. Bank of Montreal Can now owns 1,018,348 shares of the oil and gas producer’s stock valued at $15,213,000 after buying an additional 1,010,206 shares during the last quarter. State Street Corp boosted its position in CONSOL Energy by 13.2% in the first quarter. State Street Corp now owns 7,651,383 shares of the oil and gas producer’s stock valued at $128,389,000 after buying an additional 892,265 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in CONSOL Energy by 433.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 800,000 shares of the oil and gas producer’s stock valued at $13,424,000 after buying an additional 650,000 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in CONSOL Energy during the first quarter valued at about $10,454,000. Institutional investors own 99.85% of the company’s stock.
Shares of CONSOL Energy Inc. (NYSE:CNX) opened at 14.49 on Wednesday. CONSOL Energy Inc. has a 1-year low of $13.55 and a 1-year high of $22.34. The stock’s market cap is $3.33 billion. The company has a 50-day moving average price of $15.39 and a 200-day moving average price of $15.61.
CONSOL Energy (NYSE:CNX) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. CONSOL Energy had a negative net margin of 5.42% and a positive return on equity of 1.09%. The business had revenue of $865.95 million for the quarter, compared to analyst estimates of $678.79 million. During the same period in the prior year, the business posted ($0.21) earnings per share. CONSOL Energy’s revenue was up 202.8% compared to the same quarter last year. On average, equities analysts expect that CONSOL Energy Inc. will post $0.61 earnings per share for the current fiscal year.
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Several equities analysts have issued reports on CNX shares. BidaskClub upgraded CONSOL Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. KLR Group restated a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of CONSOL Energy in a report on Wednesday, May 3rd. Zacks Investment Research cut CONSOL Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Barclays PLC restated a “hold” rating on shares of CONSOL Energy in a report on Wednesday, May 24th. Finally, FBR & Co restated a “buy” rating on shares of CONSOL Energy in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CONSOL Energy currently has a consensus rating of “Hold” and an average price target of $21.97.
In other news, Director J. Palmer Clarkson bought 10,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $15.40 per share, with a total value of $154,000.00. The purchase 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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