LMR Partners LLP lowered its position in Consol Energy Inc. (NYSE:CNX) by 83.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,354 shares of the company’s stock after selling 149,049 shares during the period. LMR Partners LLP’s holdings in Consol Energy were worth $488,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Consol Energy during the second quarter worth $109,000. Gargoyle Investment Advisor L.L.C. purchased a new position in Consol Energy during the second quarter worth approximately $166,000. CIBC World Markets Inc. purchased a new position in Consol Energy during the second quarter worth approximately $177,000. Oakbrook Investments LLC purchased a new position in Consol Energy during the second quarter worth approximately $191,000. Finally, LS Investment Advisors LLC raised its position in Consol Energy by 75.4% in the second quarter. LS Investment Advisors LLC now owns 13,775 shares of the company’s stock worth $222,000 after buying an additional 5,922 shares during the period.
Consol Energy Inc. (NYSE:CNX) traded up 0.178% during mid-day trading on Wednesday, reaching $19.725. 1,800,175 shares of the company traded hands. The company’s 50 day moving average price is $18.28 and its 200 day moving average price is $15.95. The firm’s market capitalization is $4.53 billion. Consol Energy Inc. has a 12-month low of $4.54 and a 12-month high of $20.66.
Consol Energy (NYSE:CNX) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $285.80 million for the quarter, compared to the consensus estimate of $566.84 million. During the same period in the previous year, the business earned ($0.37) EPS. Consol Energy’s revenue for the quarter was down 47.6% compared to the same quarter last year. Equities research analysts predict that Consol Energy Inc. will post ($0.45) EPS for the current year.
CNX has been the subject of a number of analyst reports. Vetr lowered shares of Consol Energy from a “strong-buy” rating to a “buy” rating and set a $20.30 price objective for the company. in a research report on Monday, August 29th. Zacks Investment Research lowered shares of Consol Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. KLR Group lowered shares of Consol Energy from a “buy” rating to an “accumulate” rating and raised their price objective for the company from $17.00 to $20.00 in a research report on Monday, July 18th. Jefferies Group raised their price objective on shares of Consol Energy from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, Morgan Stanley restated a “hold” rating and issued a $29.00 price objective on shares of Consol Energy in a research report on Tuesday, August 16th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.73.
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.