Texas Permanent School Fund Buys 1,419 Shares of CONSOL Energy Inc. (NYSE:CNX)
Texas Permanent School Fund increased its position in shares of CONSOL Energy Inc. (NYSE:CNX) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 129,329 shares of the oil and gas producer’s stock after buying an additional 1,419 shares during the period. Texas Permanent School Fund’s holdings in CONSOL Energy were worth $1,932,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. James Investment Research Inc. raised its position in CONSOL Energy by 10.1% in the first quarter. James Investment Research Inc. now owns 7,222 shares of the oil and gas producer’s stock worth $121,000 after buying an additional 662 shares in the last quarter. Creative Planning raised its position in CONSOL Energy by 59.0% in the second quarter. Creative Planning now owns 7,239 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 2,686 shares in the last quarter. FNY Managed Accounts LLC bought a new position in CONSOL Energy during the first quarter worth $136,000. Two Sigma Securities LLC bought a new position in CONSOL Energy during the first quarter worth $169,000. Finally, Trexquant Investment LP bought a new position in CONSOL Energy during the first quarter worth $176,000.
CONSOL Energy Inc. (NYSE:CNX) opened at 15.00 on Friday. The stock’s market capitalization is $3.45 billion. CONSOL Energy Inc. has a 12 month low of $13.55 and a 12 month high of $22.34. The stock has a 50 day moving average price of $15.55 and a 200 day moving average price of $15.87.
CONSOL Energy (NYSE:CNX) last posted 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. The firm had revenue of $865.95 million during 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%. CONSOL Energy’s revenue was up 202.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) EPS. On average, equities research analysts forecast that CONSOL Energy Inc. will post $0.65 earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on CNX. Scotiabank set a $24.00 target price on CONSOL Energy and gave the company a “hold” rating in a report on Saturday, April 22nd. Jefferies Group LLC set a $20.00 target price on CONSOL Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered CONSOL Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and issued a $26.00 target price on shares of CONSOL Energy in a report on Friday, July 14th. Finally, ValuEngine lowered CONSOL Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.57.
In related news, Director J. Palmer Clarkson acquired 10,000 shares of CONSOL Energy stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $15.40 per share, for a total transaction of $154,000.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate 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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