Stifel Financial Corp Sells 181 Shares of CONSOL Energy Inc. (CNX)

Stifel Financial Corp decreased its holdings in shares of CONSOL Energy Inc. (NYSE:CNX) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,164 shares of the oil and gas producer’s stock after selling 181 shares during the period. Stifel Financial Corp’s holdings in CONSOL Energy were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Capstone Asset Management Co. raised its position in shares of CONSOL Energy by 1.7% during the 2nd quarter. Capstone Asset Management Co. now owns 17,473 shares of the oil and gas producer’s stock valued at $261,000 after acquiring an additional 300 shares during the last quarter. Utah Retirement Systems raised its position in shares of CONSOL Energy by 0.7% during the 2nd quarter. Utah Retirement Systems now owns 41,671 shares of the oil and gas producer’s stock valued at $623,000 after acquiring an additional 300 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of CONSOL Energy by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,921 shares of the oil and gas producer’s stock valued at $223,000 after acquiring an additional 577 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CONSOL Energy by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,634 shares of the oil and gas producer’s stock valued at $114,000 after acquiring an additional 631 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in shares of CONSOL Energy by 3.0% during the 2nd quarter. Suntrust Banks Inc. now owns 28,310 shares of the oil and gas producer’s stock valued at $422,000 after acquiring an additional 831 shares during the last quarter. Institutional investors own 99.84% of the company’s stock.

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Several equities analysts have recently issued reports on CNX shares. Jefferies Group LLC set a $20.00 price target on shares of CONSOL Energy and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research lowered shares of CONSOL Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Stifel Nicolaus set a $26.00 price target on shares of CONSOL Energy and gave the company a “buy” rating in a report on Friday, August 25th. ValuEngine lowered shares of CONSOL Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Scotiabank set a $22.00 price target on shares of CONSOL Energy and gave the company a “hold” rating in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.97.

CONSOL Energy Inc. (CNX) opened at $16.27 on Monday. The firm has a market cap of $3,743.79, a price-to-earnings ratio of 85.63 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.94 and a quick ratio of 0.86. CONSOL Energy Inc. has a one year low of $13.55 and a one year high of $22.34.

CONSOL Energy (NYSE:CNX) last announced its earnings results on Tuesday, October 31st. The oil and gas producer reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.14). The company had revenue of $671.30 million during the quarter, compared to analyst estimates of $623.00 million. CONSOL Energy had a positive return on equity of 1.09% and a negative net margin of 7.49%. CONSOL Energy’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share. analysts predict that CONSOL Energy Inc. will post 0.44 earnings per share for the current year.

CONSOL Energy declared that its Board of Directors has authorized a share buyback 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 purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

CONSOL Energy 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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