Gabelli Funds LLC reduced its position in CONSOL Energy Inc. (NYSE:CNX) by 7.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 401,000 shares of the oil and gas producer’s stock after selling 34,000 shares during the period. Gabelli Funds LLC’s holdings in CONSOL Energy were worth $6,729,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of CNX. Dimensional Fund Advisors LP boosted its position in shares of CONSOL Energy by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,982,486 shares of the oil and gas producer’s stock worth $145,530,000 after buying an additional 616,762 shares during the last quarter. State Street Corp boosted its position in shares of CONSOL Energy by 4.4% in the fourth quarter. State Street Corp now owns 6,759,118 shares of the oil and gas producer’s stock worth $123,222,000 after buying an additional 283,699 shares during the last quarter. Morgan Stanley boosted its position in shares of CONSOL Energy by 212.7% in the third quarter. Morgan Stanley now owns 2,787,904 shares of the oil and gas producer’s stock worth $53,529,000 after buying an additional 1,896,445 shares during the last quarter. 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 last quarter. 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 last quarter.
CONSOL Energy Inc. (NYSE:CNX) traded up 1.51% on Friday, reaching $16.13. The company’s stock had a trading volume of 1,320,625 shares. The stock’s 50 day moving average price is $16.06 and its 200 day moving average price is $17.39. CONSOL Energy Inc. has a 52-week low of $12.69 and a 52-week high of $22.34. The firm’s market cap is $3.71 billion.
CONSOL Energy (NYSE:CNX) last released its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.06. CONSOL Energy had a negative return on equity of 2.32% and a negative net margin of 41.33%. The firm had revenue of $698.71 million for the quarter, compared to analysts’ expectations of $648.26 million. During the same quarter last year, the firm posted ($0.43) EPS. The company’s revenue was up 31.1% compared to the same quarter last year. Equities research analysts expect that CONSOL Energy Inc. will post $0.46 earnings per share for the current fiscal year.
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A number of research analysts recently commented on CNX shares. Jefferies Group LLC set a $22.00 price target on CONSOL Energy and gave the stock a “buy” rating in a research report on Tuesday, April 4th. SunTrust Banks, Inc. cut CONSOL Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. Barclays PLC restated an “equal weight” rating and issued a $18.00 price target (down previously from $20.00) on shares of CONSOL Energy in a research report on Saturday, April 22nd. KLR Group restated a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of CONSOL Energy in a research report on Wednesday, May 3rd. Finally, FBR & Co restated a “buy” rating on shares of CONSOL Energy in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. CONSOL Energy currently has a consensus rating of “Hold” and a consensus price target of $22.67.
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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