CONSOL Energy Inc. (CNX) Shares Bought by Creative Planning
Creative Planning boosted its stake in shares of CONSOL Energy Inc. (NYSE:CNX) by 59.0% during the second quarter, Holdings Channel reports. The fund owned 7,239 shares of the oil and gas producer’s stock after buying an additional 2,686 shares during the period. Creative Planning’s holdings in CONSOL Energy were worth $108,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CNX. UBS Asset Management Americas Inc. boosted its position in CONSOL Energy by 21.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 382,896 shares of the oil and gas producer’s stock valued at $6,980,000 after buying an additional 67,620 shares during the last quarter. Teachers Advisors LLC boosted its position in CONSOL Energy by 7.5% in the fourth quarter. Teachers Advisors LLC now owns 245,240 shares of the oil and gas producer’s stock valued at $4,471,000 after buying an additional 17,039 shares during the last quarter. Capstone Asset Management Co. boosted its position in CONSOL Energy by 4.2% in the first quarter. Capstone Asset Management Co. now owns 17,173 shares of the oil and gas producer’s stock valued at $288,000 after buying an additional 690 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in CONSOL Energy by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 44,600 shares of the oil and gas producer’s stock valued at $748,000 after buying an additional 900 shares during the last quarter. Finally, Reliance Trust Co. of Delaware purchased a new position in CONSOL Energy during the first quarter valued at $264,000.
Shares of CONSOL Energy Inc. (NYSE CNX) traded up 0.56% during trading on Thursday, reaching $14.37. The company had a trading volume of 1,711,292 shares. The company’s 50 day moving average is $15.54 and its 200-day moving average is $15.74. CONSOL Energy Inc. has a 1-year low of $13.55 and a 1-year high of $22.34. The stock’s market capitalization is $3.31 billion.
CONSOL Energy (NYSE:CNX) last posted 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. CONSOL Energy had a negative net margin of 5.42% and a positive return on equity of 1.09%. The business had revenue of $865.95 million during the quarter, compared to analysts’ expectations of $678.79 million. During the same quarter in the prior year, the company posted ($0.21) EPS. The business’s revenue for the quarter was up 202.8% on a year-over-year basis. On average, equities research analysts anticipate that CONSOL Energy Inc. will post $0.61 earnings per share for the current year.
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Several equities analysts have recently weighed in on CNX shares. Barclays PLC reissued an “equal weight” rating and set a $18.00 price target (down from $20.00) on shares of CONSOL Energy in a report on Saturday, April 22nd. Scotiabank set a $24.00 price target on CONSOL Energy and gave the company a “hold” rating in a report on Saturday, April 22nd. KLR Group reissued a “buy” rating and set a $24.00 price target (up from $22.00) on shares of CONSOL Energy in a report on Wednesday, May 3rd. Jefferies Group LLC set a $20.00 price target on CONSOL Energy and gave the company a “buy” rating in a report on Wednesday, May 17th. Finally, FBR & Co reissued a “buy” rating on shares of CONSOL Energy in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $21.86.
In other news, Director J. Palmer Clarkson purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $15.40 per share, with a total value of $154,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.
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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