CONSOL Energy Inc. (CNX) Shares Bought by Murphy Pohlad Asset Management LLC
Murphy Pohlad Asset Management LLC raised its position in CONSOL Energy Inc. (NYSE:CNX) by 4.3% during the second quarter, Holdings Channel reports. The fund owned 36,700 shares of the oil and gas producer’s stock after buying an additional 1,500 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in CONSOL Energy were worth $548,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised 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 worth $230,045,000 after buying an additional 604,622 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 worth $142,460,000 after buying an additional 508,032 shares during the period. State Street Corp increased 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 worth $128,389,000 after buying an additional 892,265 shares during the period. ANTIPODES PARTNERS Ltd increased 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 worth $41,936,000 after buying an additional 1,516,289 shares during the period. Finally, Clearbridge Investments LLC increased its position in 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 worth $46,979,000 after buying an additional 36,690 shares during the period.
CONSOL Energy Inc. (NYSE CNX) opened at 14.52 on Wednesday. The firm has a 50-day moving average price of $15.55 and a 200 day moving average price of $15.75. The stock’s market capitalization is $3.34 billion. CONSOL Energy Inc. has a 12 month low of $13.55 and a 12 month high of $22.34.
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 analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $865.95 million for the quarter, compared to analyst estimates of $678.79 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. The company’s revenue was up 202.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.21) earnings per share. Equities analysts anticipate that CONSOL Energy Inc. will post $0.61 earnings per share for the current year.
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A number of equities analysts have issued reports on the company. Scotiabank set a $21.00 price objective on CONSOL Energy and gave the stock a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded CONSOL Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Jefferies Group LLC set a $20.00 price target on CONSOL Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. 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 research analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.57.
In other news, Director J. Palmer Clarkson acquired 10,000 shares of the business’s stock in a transaction dated 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate 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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