CONSOL Energy Inc. (CNX) Position Decreased by Rhumbline Advisers
Rhumbline Advisers decreased its stake in shares of CONSOL Energy Inc. (NYSE:CNX) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 362,608 shares of the oil and gas producer’s stock after selling 12,478 shares during the period. Rhumbline Advisers owned 0.16% of CONSOL Energy worth $5,417,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in CNX. Vanguard Group Inc. increased its stake in shares of CONSOL Energy by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,709,465 shares of the oil and gas producer’s stock valued at $230,045,000 after buying an additional 604,622 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CONSOL Energy by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,490,518 shares of the oil and gas producer’s stock valued at $142,460,000 after buying an additional 508,032 shares during the last quarter. State Street Corp increased its stake in shares of 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. ANTIPODES PARTNERS Ltd increased its stake in shares of 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. Finally, Clearbridge Investments LLC increased its stake in shares of CONSOL Energy by 1.3% in the first quarter. Clearbridge Investments LLC now owns 2,799,678 shares of the oil and gas producer’s stock valued at $46,979,000 after buying an additional 36,690 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.
Shares of CONSOL Energy Inc. (NYSE:CNX) opened at 14.55 on Friday. The firm has a 50-day moving average of $15.31 and a 200-day moving average of $15.53. CONSOL Energy Inc. has a one year low of $13.55 and a one year high of $22.34. The company’s market capitalization is $3.35 billion.
CONSOL Energy (NYSE:CNX) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. The company had revenue of $865.95 million during the quarter, compared to analysts’ expectations of $678.79 million. CONSOL Energy had a negative net margin of 5.42% and a positive return on equity of 1.09%. The firm’s revenue for the quarter was up 202.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) earnings per share. Analysts forecast that CONSOL Energy Inc. will post $0.61 earnings per share for the current year.
CNX has been the topic of several recent analyst reports. Barclays PLC restated a “hold” rating on shares of CONSOL Energy in a research report on Wednesday, May 24th. Jefferies Group LLC set a $20.00 price objective on shares of CONSOL Energy and gave the company a “buy” rating in a research report on Wednesday, May 17th. BidaskClub downgraded shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. ValuEngine downgraded shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus set a $26.00 price objective on shares of CONSOL Energy and gave the company a “buy” rating in a research report on Friday, August 25th. 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 issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.97.
In related news, Director J. Palmer Clarkson acquired 10,000 shares of CONSOL Energy stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $15.40 per share, for a total transaction of $154,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
About CONSOL Energy
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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