CONSOL Energy Inc. (CNX) Shares Bought by Commonwealth Bank of Australia

Commonwealth Bank of Australia increased its stake in CONSOL Energy Inc. (NYSE:CNX) by 27.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,600 shares of the oil and gas producer’s stock after acquiring an additional 12,900 shares during the period. Commonwealth Bank of Australia’s holdings in CONSOL Energy were worth $1,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Utah Retirement Systems boosted its position in shares of CONSOL Energy by 0.7% in the second quarter. Utah Retirement Systems now owns 41,671 shares of the oil and gas producer’s stock worth $623,000 after acquiring an additional 300 shares during the last quarter. Capstone Asset Management Co. lifted its position in CONSOL Energy by 1.7% during the second quarter. Capstone Asset Management Co. now owns 17,473 shares of the oil and gas producer’s stock valued at $261,000 after buying an additional 300 shares in the last quarter. Teacher Retirement System of Texas lifted its position in CONSOL Energy by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 14,921 shares of the oil and gas producer’s stock valued at $223,000 after buying an additional 577 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CONSOL Energy by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock valued at $114,000 after buying an additional 631 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its position in CONSOL Energy by 3.0% during the second quarter. Suntrust Banks Inc. now owns 28,310 shares of the oil and gas producer’s stock valued at $422,000 after buying an additional 831 shares in the last quarter. 96.84% of the stock is currently owned by institutional investors and hedge funds.

CONSOL Energy Inc. (NYSE:CNX) opened at $14.65 on Wednesday. CONSOL Energy Inc. has a 12-month low of $13.37 and a 12-month high of $22.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 0.94. The company has a market cap of $3,481.47, a price-to-earnings ratio of 79.63 and a beta of 1.53.

CONSOL Energy (NYSE:CNX) last issued its quarterly earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The company had revenue of $671.30 million during the quarter, compared to the consensus estimate of $623.00 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 7.49%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. research analysts anticipate that CONSOL Energy Inc. will post 0.25 EPS for the current year.

CONSOL Energy announced that its Board of Directors has initiated a share repurchase program on Tuesday, September 5th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the oil and gas producer to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

A number of research analysts have weighed in on the stock. Seaport Global Securities assumed coverage on shares of CONSOL Energy in a research report on Thursday, November 30th. They set a “buy” rating and a $32.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of CONSOL Energy in a research report on Thursday, November 30th. They set a “buy” rating and a $32.00 price target on the stock. B. Riley assumed coverage on shares of CONSOL Energy in a research report on Tuesday, November 21st. They set a “buy” rating and a $32.00 price target on the stock. Scotiabank set a $21.00 price target on shares of CONSOL Energy and gave the company a “hold” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research cut shares of CONSOL Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.21.

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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.

Institutional Ownership by Quarter for CONSOL Energy (NYSE:CNX)

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