Jane Street Group LLC raised its position in CONSOL Energy Inc. (NYSE:CNX) by 461.7% during the first quarter, Holdings Channel reports. The firm owned 63,314 shares of the oil and gas producer’s stock after buying an additional 80,819 shares during the period. Jane Street Group LLC’s holdings in CONSOL Energy were worth $1,062,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of CNX. Vanguard Group Inc. boosted its position in shares of CONSOL Energy by 4.6% in the first quarter. Vanguard Group Inc. now owns 13,709,465 shares of the oil and gas producer’s stock worth $230,045,000 after buying an additional 604,622 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of CONSOL Energy by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 8,490,518 shares of the oil and gas producer’s stock worth $142,460,000 after buying an additional 508,032 shares during the period. State Street Corp boosted its position in shares of CONSOL Energy by 13.2% in the first quarter. State Street Corp now owns 7,651,383 shares of the oil and gas producer’s stock worth $128,389,000 after buying an additional 892,265 shares during the period. Bank of New York Mellon Corp boosted its position in shares of CONSOL Energy by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 2,314,035 shares of the oil and gas producer’s stock worth $38,830,000 after buying an additional 84,299 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of CONSOL Energy by 3,116.0% in the fourth quarter. AQR Capital Management LLC now owns 2,172,973 shares of the oil and gas producer’s stock worth $39,613,000 after buying an additional 2,105,406 shares during the period.
Shares of CONSOL Energy Inc. (NYSE:CNX) traded up 3.52% during trading on Friday, hitting $14.10. 2,233,106 shares of the company’s stock were exchanged. The firm’s market capitalization is $3.24 billion. The stock’s 50 day moving average is $15.35 and its 200 day moving average is $16.79. CONSOL Energy Inc. has a 1-year low of $13.36 and a 1-year high of $22.34.
CONSOL Energy (NYSE:CNX) last released its quarterly earnings data on Tuesday, May 2nd. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $698.71 million for the quarter, compared to analyst estimates of $648.26 million. CONSOL Energy had a negative net margin of 36.01% and a negative return on equity of 1.12%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.43) EPS. On average, equities research analysts forecast that CONSOL Energy Inc. will post $0.48 earnings per share for the current year.
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A number of research analysts have recently weighed in on CNX shares. Jefferies Group LLC set a $22.00 price objective on shares of CONSOL Energy and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Barclays PLC reaffirmed a “hold” rating on shares of CONSOL Energy in a research note on Wednesday, May 24th. KLR Group reaffirmed a “buy” rating and issued a $24.00 target price (up from $22.00) on shares of CONSOL Energy in a research note on Wednesday, May 3rd. ValuEngine cut shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, FBR & Co reaffirmed a “buy” rating on shares of CONSOL Energy in a research note on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.67.
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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