Jennison Associates LLC Has $15.97 Million Holdings in CONSOL Energy Inc. (CNX)
Jennison Associates LLC reduced its holdings in shares of CONSOL Energy Inc. (NYSE:CNX) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 942,424 shares of the oil and gas producer’s stock after selling 51,306 shares during the quarter. Jennison Associates LLC owned approximately 0.41% of CONSOL Energy worth $15,965,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of CNX. Teachers Advisors LLC boosted its stake in shares of CONSOL Energy by 5.7% during the 1st quarter. Teachers Advisors LLC now owns 259,266 shares of the oil and gas producer’s stock worth $4,350,000 after acquiring an additional 14,026 shares during the period. Bank of America Corp DE boosted its stake in shares of CONSOL Energy by 330.0% during the 1st quarter. Bank of America Corp DE now owns 244,450 shares of the oil and gas producer’s stock worth $4,102,000 after acquiring an additional 350,750 shares during the period. Capstone Asset Management Co. boosted its stake in shares of CONSOL Energy by 1.7% during the 2nd quarter. Capstone Asset Management Co. now owns 17,473 shares of the oil and gas producer’s stock worth $261,000 after acquiring an additional 300 shares during the period. Bank of Montreal Can boosted its stake in shares of CONSOL Energy by 12,407.3% during the 2nd quarter. Bank of Montreal Can now owns 1,018,348 shares of the oil and gas producer’s stock worth $15,213,000 after acquiring an additional 1,010,206 shares during the period. Finally, Creative Planning boosted its stake in shares of CONSOL Energy by 59.0% during the 2nd quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock worth $108,000 after acquiring an additional 2,686 shares during the period. Institutional investors own 99.84% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/jennison-associates-llc-has-15-97-million-holdings-in-consol-energy-inc-cnx/1711741.html.
CONSOL Energy Inc. (NYSE CNX) opened at $16.80 on Friday. The firm has a market capitalization of $3,690.00, a price-to-earnings ratio of 82.68 and a beta of 1.54. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.62. CONSOL Energy Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $22.34.
CONSOL Energy (NYSE:CNX) last announced its quarterly earnings data on Tuesday, October 31st. The oil and gas producer reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.14). The company had revenue of $671.30 million during the quarter, compared to analyst estimates of $623.00 million. CONSOL Energy had a negative net margin of 7.49% and a positive return on equity of 1.09%. CONSOL Energy’s revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 earnings per share. equities research analysts anticipate that CONSOL Energy Inc. will post 0.34 earnings per share for the current fiscal year.
CONSOL Energy declared that its Board of Directors has authorized a stock buyback plan on Tuesday, September 5th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the oil and gas producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $24.00 target price on shares of CONSOL Energy in a research note on Friday, October 13th. Scotiabank set a $21.00 target price on CONSOL Energy and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded CONSOL Energy from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, July 24th. ValuEngine downgraded CONSOL Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC set a $20.00 target price on CONSOL Energy and gave the stock a “buy” rating in a research note on Monday, August 28th. Two equities 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 stock presently has a consensus rating of “Hold” and a consensus price target of $20.88.
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.
Receive News & Ratings for CONSOL Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CONSOL Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.