Tyers Asset Management LLC Raises Position in CONSOL Energy Inc. (CNX)

Tyers Asset Management LLC Raises Position in CONSOL Energy Inc. (CNX)

Tyers Asset Management LLC raised its position in shares of CONSOL Energy Inc. (NYSE:CNX) by 85.4% during the first quarter, Holdings Channel reports. The firm owned 58,912 shares of the oil and gas producer’s stock after buying an additional 27,136 shares during the period. Tyers Asset Management LLC’s holdings in CONSOL Energy were worth $989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GSA Capital Partners LLP raised its position in shares of CONSOL Energy by 0.5% in the fourth quarter. GSA Capital Partners LLP now owns 21,182 shares of the oil and gas producer’s stock worth $386,000 after buying an additional 95 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in CONSOL Energy by 2.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,253 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 335 shares during the last quarter. Allianz Asset Management AG raised its position in 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 valued at $256,000 after buying an additional 639 shares during the last quarter. James Investment Research Inc. raised 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 valued at $121,000 after buying an additional 662 shares during the last quarter. Finally, Capstone Asset Management Co. raised its position in CONSOL Energy by 4.2% in the first quarter. Capstone Asset Management Co. now owns 17,173 shares of the oil and gas producer’s stock valued at $288,000 after buying an additional 690 shares during the last quarter.

CONSOL Energy Inc. (NYSE:CNX) traded up 5.78% during mid-day trading on Friday, reaching $15.74. 3,485,803 shares of the company traded hands. The stock’s market capitalization is $3.61 billion. CONSOL Energy Inc. has a 12-month low of $12.62 and a 12-month high of $22.34. The company’s 50-day moving average is $15.96 and its 200-day moving average is $17.47.

CONSOL Energy (NYSE:CNX) last posted its quarterly earnings data on Tuesday, May 2nd. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The business earned $698.71 million during the quarter, compared to the consensus estimate of $648.26 million. CONSOL Energy had a negative return on equity of 2.32% and a negative net margin of 41.33%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.43) earnings per share. Equities analysts predict that CONSOL Energy Inc. will post $0.41 earnings per share for the current fiscal year.

Several research firms have issued reports on CNX. KLR Group restated a “buy” rating and set a $24.00 price target (up previously from $22.00) on shares of CONSOL Energy in a report on Wednesday. Scotiabank set a $24.00 price target on shares of CONSOL Energy and gave the stock a “hold” rating in a report on Saturday, April 22nd. Barclays PLC restated an “equal weight” rating and set a $18.00 price target (down previously from $20.00) on shares of CONSOL Energy in a report on Saturday, April 22nd. Jefferies Group LLC set a $22.00 price target on shares of CONSOL Energy and gave the stock a “buy” rating in a report on Tuesday, April 4th. Finally, Zacks Investment Research lowered shares of CONSOL Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.87.

In other news, Director Maureen Lally-Green acquired 2,500 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was acquired at an average price of $16.97 per share, for a total transaction of $42,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

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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