Thrivent Financial For Lutherans raised its position in CONSOL Energy Inc. (NYSE:CNX) by 7.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 35,760 shares of the oil and gas producer’s stock after purchasing an additional 2,590 shares during the period. Thrivent Financial For Lutherans’ holdings in CONSOL Energy were worth $534,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNX. Creative Planning lifted its position in shares of CONSOL Energy by 59.0% in the 2nd quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 2,686 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CONSOL Energy by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock worth $114,000 after purchasing an additional 631 shares during the period. FNY Managed Accounts LLC acquired a new position in shares of CONSOL Energy in the 1st quarter worth approximately $136,000. Two Sigma Securities LLC acquired a new position in shares of CONSOL Energy in the 1st quarter worth approximately $169,000. Finally, Stephens Inc. AR acquired a new position in shares of CONSOL Energy in the 1st quarter worth approximately $183,000. Hedge funds and other institutional investors own 99.84% of the company’s stock.

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CONSOL Energy Inc. (NYSE CNX) opened at 15.87 on Monday. The company’s 50 day moving average is $15.77 and its 200-day moving average is $15.53. CONSOL Energy Inc. has a 52-week low of $13.55 and a 52-week high of $22.34. The firm’s market cap is $3.65 billion.

CONSOL Energy (NYSE:CNX) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $865.95 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. On average, equities analysts predict that CONSOL Energy Inc. will post $0.53 EPS for the current fiscal year.

CONSOL Energy announced that its board has authorized a stock repurchase plan on Tuesday, September 5th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

A number of research analysts have recently issued reports on the stock. Scotiabank set a $21.00 price target on shares of CONSOL Energy and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of CONSOL Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price target on shares of CONSOL Energy in a research report on Tuesday, October 10th. Susquehanna Bancshares Inc boosted their price target on shares of CONSOL Energy from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $24.00 price target on shares of CONSOL Energy in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. CONSOL Energy currently has an average rating of “Hold” and a consensus price target of $21.37.

In related news, Director J. Palmer Clarkson purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average price of $15.40 per share, for a total transaction of $154,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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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Institutional Ownership by Quarter for CONSOL Energy (NYSE:CNX)

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