Nuveen Asset Management LLC Cuts Stake in CONSOL Energy Inc. (NYSE:CNX)

Nuveen Asset Management LLC decreased its stake in CONSOL Energy Inc. (NYSE:CNX) by 47.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,749 shares of the oil and gas producer’s stock after selling 47,727 shares during the period. Nuveen Asset Management LLC’s holdings in CONSOL Energy were worth $885,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. World Asset Management Inc increased its position in shares of CONSOL Energy by 0.3% in the first quarter. World Asset Management Inc now owns 11,644 shares of the oil and gas producer’s stock worth $195,000 after buying an additional 37 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in shares of CONSOL Energy by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 79,735 shares of the oil and gas producer’s stock worth $1,337,000 after buying an additional 362 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of CONSOL Energy by 2.3% in the first quarter. Suntrust Banks Inc. now owns 27,479 shares of the oil and gas producer’s stock worth $460,000 after buying an additional 618 shares during the last quarter. Allianz Asset Management AG increased its position in shares of CONSOL Energy by 4.8% in the fourth quarter. Allianz Asset Management AG now owns 14,030 shares of the oil and gas producer’s stock worth $256,000 after buying an additional 639 shares during the last quarter. Finally, 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 period.

Shares of CONSOL Energy Inc. (CNX) traded up 1.28% during mid-day trading on Friday, reaching $14.25. The company had a trading volume of 2,914,140 shares. CONSOL Energy Inc. has a 12-month low of $13.55 and a 12-month high of $22.34. The stock has a 50 day moving average price of $15.49 and a 200 day moving average price of $15.70. The firm’s market capitalization is $3.28 billion.

CONSOL Energy (NYSE:CNX) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $865.95 million for the quarter, compared to the consensus estimate of $678.79 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 5.42%. CONSOL Energy’s quarterly revenue was up 202.8% on a year-over-year basis. During the same period last year, the business posted ($0.21) EPS. On average, equities analysts forecast that CONSOL Energy Inc. will post $0.61 earnings per share for the current year.

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A number of research firms have commented on CNX. Scotiabank set a $24.00 price objective on shares of CONSOL Energy and gave the stock a “hold” rating in a research report on Saturday, April 22nd. BidaskClub cut shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Jefferies Group LLC set a $20.00 target price on shares of CONSOL Energy and gave the company a “buy” rating in a research report on Wednesday, July 19th. ValuEngine cut shares of CONSOL Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $26.00 target price on shares of CONSOL Energy in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. CONSOL Energy presently has a consensus rating of “Hold” and an average target price of $21.86.

In related news, Director J. Palmer Clarkson bought 10,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of $15.40 per share, with a total value of $154,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

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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