Vanguard Group Inc. decreased its stake in Consol Energy Inc. (NYSE:CNX) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,011,883 shares of the company’s stock after selling 1,147,794 shares during the period. Vanguard Group Inc. owned about 6.54% of Consol Energy worth $241,541,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its position in Consol Energy by 298.4% in the first quarter. Nuveen Asset Management LLC now owns 103,353 shares of the company’s stock valued at $1,167,000 after buying an additional 77,412 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Consol Energy by 21.7% in the first quarter. TIAA CREF Investment Management LLC now owns 652,842 shares of the company’s stock worth $7,371,000 after buying an additional 116,207 shares during the period. Virginia Retirement System bought a new position in shares of Consol Energy during the first quarter worth approximately $331,000. M&T Bank Corp raised its position in shares of Consol Energy by 21.7% in the first quarter. M&T Bank Corp now owns 16,206 shares of the company’s stock worth $182,000 after buying an additional 2,894 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Consol Energy by 7.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,819,934 shares of the company’s stock worth $76,997,000 after buying an additional 448,079 shares during the period.
Consol Energy Inc. (NYSE:CNX) opened at 19.85 on Friday. The firm has a 50-day moving average of $18.39 and a 200 day moving average of $16.00. The firm’s market capitalization is $4.55 billion. Consol Energy Inc. has a 12 month low of $4.54 and a 12 month high of $20.66.
Consol Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.02. The firm had revenue of $285.80 million for the quarter, compared to analysts’ expectations of $566.84 million. Consol Energy had a negative net margin of 17.27% and a negative return on equity of 3.31%. Consol Energy’s revenue was down 47.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.37) EPS. Equities research analysts forecast that Consol Energy Inc. will post ($0.45) earnings per share for the current year.
CNX has been the topic of a number of research reports. KLR Group lowered shares of Consol Energy from a “buy” rating to an “accumulate” rating and upped their price target for the company from $17.00 to $20.00 in a research note on Monday, July 18th. Vetr lowered shares of Consol Energy from a “strong-buy” rating to a “buy” rating and set a $20.30 price target on the stock. in a research note on Monday, August 29th. Jefferies Group reiterated a “buy” rating on shares of Consol Energy in a research note on Thursday, August 11th. Zacks Investment Research upgraded shares of Consol Energy from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Monday, July 18th. Finally, Barclays PLC upped their price target on shares of Consol Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 13th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.79.
Consol Energy Company Profile
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company that operates through two divisions: oil and gas exploration and production (E&P) and coal mining. The principal activity of the E&P division is to produce pipeline quality natural gas for sale primarily to natural gas wholesalers. The E&P division’s segments are Marcellus, Utica, Coalbed Methane, and Other Gas.
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