ING Groep NV purchased a new position in CONSOL Energy Inc. (NYSE:CNX) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 21,549 shares of the oil and gas producer’s stock, valued at approximately $322,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning boosted 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 during the last quarter. James Investment Research Inc. boosted 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 during the last quarter. FNY Managed Accounts LLC bought a new position in CONSOL Energy during the first quarter worth approximately $136,000. Two Sigma Securities LLC bought a new position in CONSOL Energy during the first quarter worth approximately $169,000. Finally, Trexquant Investment LP bought a new position in CONSOL Energy during the first quarter worth approximately $176,000.
CONSOL Energy Inc. (NYSE CNX) traded down 0.91% during mid-day trading on Thursday, reaching $15.31. 761,481 shares of the company were exchanged. The stock’s 50-day moving average price is $15.47 and its 200-day moving average price is $15.91. 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 $3.52 billion.
CONSOL Energy (NYSE:CNX) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $865.95 million during the quarter, compared to analysts’ expectations of $678.79 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. The business’s quarterly revenue was up 202.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) EPS. On average, equities research analysts anticipate that CONSOL Energy Inc. will post $0.66 EPS for the current fiscal year.
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CNX has been the topic of a number of research analyst reports. Jefferies Group LLC set a $20.00 price target on shares of CONSOL Energy and gave the stock a “buy” rating in a report on Wednesday, July 19th. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price target on shares of CONSOL Energy in a report on Friday, July 14th. FBR & Co restated a “buy” rating on shares of CONSOL Energy in a report on Thursday, May 18th. KLR Group restated a “buy” rating and issued a $24.00 price target (up from $22.00) on shares of CONSOL Energy in a report on Wednesday, May 3rd. Finally, Zacks Investment Research upgraded shares of CONSOL Energy from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.57.
In related news, Director J. Palmer Clarkson acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $15.40 per share, for a total transaction of $154,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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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