UBS Asset Management Americas Inc. Has $4,836,000 Stake in Consol Energy Inc. (CNX)
UBS Asset Management Americas Inc. increased its stake in Consol Energy Inc. (NYSE:CNX) by 10.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,548 shares of the company’s stock after buying an additional 29,376 shares during the period. UBS Asset Management Americas Inc. owned about 0.13% of Consol Energy worth $4,836,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in CNX. Bank of Montreal Can acquired a new position in shares of Consol Energy during the second quarter worth about $109,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Consol Energy during the second quarter worth about $117,000. Gargoyle Investment Advisor L.L.C. acquired a new position in shares of Consol Energy during the second quarter worth about $166,000. CIBC World Markets Inc. acquired a new position in shares of Consol Energy during the second quarter worth about $177,000. Finally, M&T Bank Corp increased its position in shares of Consol Energy by 21.7% in the first quarter. M&T Bank Corp now owns 16,206 shares of the company’s stock worth $182,000 after buying an additional 2,894 shares during the last quarter.
Consol Energy Inc. (NYSE:CNX) traded up 2.425% during midday trading on Friday, hitting $19.215. The stock had a trading volume of 1,980,173 shares. The company’s market cap is $4.41 billion. The firm has a 50-day moving average of $17.82 and a 200-day moving average of $15.44. Consol Energy Inc. has a 12-month low of $4.54 and a 12-month high of $19.76.
Consol Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.02. The company earned $285.80 million during the quarter, compared to analyst estimates of $566.84 million. Consol Energy had a negative net margin of 17.27% and a negative return on equity of 3.31%. The business’s quarterly revenue was down 47.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.37) EPS. Equities research analysts forecast that Consol Energy Inc. will post ($0.45) EPS for the current year.
A number of brokerages have recently issued reports on CNX. Barclays PLC upped their price target on Consol Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, July 13th. Bank of America Corp. raised Consol Energy from an “underperform” rating to a “neutral” rating in a report on Monday, August 15th. KLR Group downgraded Consol Energy from a “buy” rating to an “accumulate” rating and upped their price target for the company from $17.00 to $20.00 in a report on Monday, July 18th. Jefferies Group reaffirmed a “buy” rating on shares of Consol Energy in a report on Thursday, August 11th. Finally, Vetr raised Consol Energy from a “buy” rating to a “strong-buy” rating and set a $20.30 price target on the stock in a report on Wednesday, August 10th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.57.
Consol Energy Company Profile
CONSOL Energy Inc (CONSOL Energy) is an integrated energy company that operates through two divisions: oil and gas exploration and production (E&P) and coal mining. The principal activity of the E&P division is to produce pipeline quality natural gas for sale primarily to natural gas wholesalers. The E&P division’s segments are Marcellus, Utica, Coalbed Methane, and Other Gas.
Want to see what other hedge funds are holding CNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consol Energy Inc. (NYSE:CNX).
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 MarketBeat.com's FREE daily email newsletter.