Nationwide Fund Advisors boosted its position in shares of Consol Energy Inc. (NYSE:CNX) by 8.3% during the second quarter, Holdings Channel reports. The institutional investor owned 409,451 shares of the company’s stock after buying an additional 31,395 shares during the period. Nationwide Fund Advisors owned 0.18% of Consol Energy worth $6,588,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its stake in Consol Energy by 4.7% in the first quarter. UBS Asset Management Americas Inc. now owns 271,172 shares of the company’s stock worth $3,061,000 after buying an additional 12,177 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Consol Energy by 271.1% in the first quarter. Meeder Asset Management Inc. now owns 71,449 shares of the company’s stock worth $807,000 after buying an additional 52,195 shares in the last quarter. M&T Bank Corp boosted its stake in 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 in the last quarter. CapWealth Advisors LLC boosted its stake in Consol Energy by 46.5% in the first quarter. CapWealth Advisors LLC now owns 114,975 shares of the company’s stock worth $1,298,000 after buying an additional 36,500 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in Consol Energy during the first quarter worth approximately $306,000.
Shares of Consol Energy Inc. (NYSE:CNX) traded up 4.741% during trading on Monday, hitting $18.225. The company’s stock had a trading volume of 2,196,594 shares. Consol Energy Inc. has a 1-year low of $4.54 and a 1-year high of $19.76. The company’s market capitalization is $4.18 billion. The firm’s 50 day moving average is $17.81 and its 200-day moving average is $15.23.
Consol Energy (NYSE:CNX) last announced its earnings results on Tuesday, July 26th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by $0.02. Consol Energy had a negative net margin of 17.27% and a negative return on equity of 3.31%. The business had revenue of $285.80 million for the quarter, compared to the consensus estimate of $566.84 million. During the same quarter in the previous year, the company earned ($0.37) EPS. Consol Energy’s revenue for the quarter was down 47.6% compared to the same quarter last year. Analysts forecast that Consol Energy Inc. will post ($0.45) EPS for the current fiscal year.
A number of analysts recently commented on CNX shares. BMO Capital Markets reiterated a “buy” rating on shares of Consol Energy in a research report on Sunday, June 12th. Zacks Investment Research cut Consol Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Barclays PLC lifted their price objective on Consol Energy from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 13th. KLR Group cut Consol Energy from a “buy” rating to an “accumulate” rating and lifted their price objective for the stock from $17.00 to $20.00 in a research report on Monday, July 18th. Finally, Howard Weil lifted their price objective on Consol Energy from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 27th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average 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.
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