Advisor Partners LLC Cuts Position in CONSOL Energy Inc. (NYSE:CNX)
Advisor Partners LLC decreased its position in shares of CONSOL Energy Inc. (NYSE:CNX) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 18,694 shares of the oil and gas producer’s stock after selling 168 shares during the period. Advisor Partners LLC’s holdings in CONSOL Energy were worth $279,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNX. State of New Jersey Common Pension Fund D increased 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 worth $13,424,000 after buying an additional 650,000 shares during the last quarter. New Jersey Better Educational Savings Trust bought a new position in CONSOL Energy during the first quarter worth about $453,000. Janney Montgomery Scott LLC increased its position in CONSOL Energy by 18.7% in the first quarter. Janney Montgomery Scott LLC now owns 56,966 shares of the oil and gas producer’s stock worth $956,000 after buying an additional 8,956 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in CONSOL Energy by 85.4% in the first quarter. Glen Harbor Capital Management LLC now owns 125,188 shares of the oil and gas producer’s stock worth $2,101,000 after buying an additional 57,664 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in CONSOL Energy during the first quarter worth about $232,000.
Shares of CONSOL Energy Inc. (CNX) opened at 15.00 on Friday. The stock has a 50 day moving average of $15.55 and a 200 day moving average of $15.87. CONSOL Energy Inc. has a 1-year low of $13.55 and a 1-year high of $22.34. The company’s market cap is $3.45 billion.
CONSOL Energy (NYSE:CNX) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 EPS for the quarter, topping the 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 the consensus estimate of $678.79 million. During the same period last year, the company earned ($0.21) EPS. CONSOL Energy’s revenue for the quarter was up 202.8% on a year-over-year basis. On average, equities analysts forecast that CONSOL Energy Inc. will post $0.65 EPS for the current year.
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A number of analysts have commented on the stock. Scotiabank set a $21.00 price target on shares of CONSOL Energy and gave the company a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of CONSOL Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Jefferies Group LLC set a $20.00 price target on shares of CONSOL Energy and gave the company a “buy” rating in a research note on Wednesday, July 19th. Barclays PLC restated a “hold” rating on shares of CONSOL Energy in a research note on Wednesday, May 24th. Finally, FBR & Co restated a “buy” rating on shares of CONSOL Energy in a research note on Thursday, May 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. CONSOL Energy has an average rating of “Hold” and a consensus price target of $22.57.
In other CONSOL Energy news, Director J. Palmer Clarkson acquired 10,000 shares of CONSOL Energy stock in a transaction that occurred 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by company insiders.
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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