On Tuesday, Shares of CONSOL Energy Inc. (NYSE:CNX), subtract -2.81% and closed at $19.69 in the last trading session. The last trading range of the stock ranges between $19.60 and $20.26. The company’s Market capitalization is $4.57 Billion with the total Outstanding Shares of 229.44 million. During the 52-week trading session the minimum price at which share price traded, registered at $4.54 and reached to max level of $20.66. CNX Coal Resources LP (CNXC) will issue its third quarter earnings release after the market close on Monday, October 31. This will be followed by a conference call hosted by members of the administration team at 05:00 p.m. Eastern Time. The webcast will be accessible on the ‘Shareholder Relations’ page of the company’s website.
United Technologies Corporation (NYSE:UTX), dropped -1.21% and closed at $98.77 in the last trading session. The last trading range of the stock ranges between $98.46 and $99.87. During the 52-week trading session the minimum price at which share price traded, registered at $83.39 and reached to max level of $109.83. United Technologies Corp. (UTX) recently declared two related actions that are expected to reduce the overall size of its pension obligations by about $1.77 billion.
First, United Technologies will transfer about $775 million of its outstanding pension benefit obligations under the UTC Employee Retirement Plan and the UTC Represented Employee Retirement Plan to The Prudential Insurance Company of America (PRU). This transaction is expected to close on October 12 with the purchase of a group annuity contract from Prudential. Prudential was selected in consultation with independent experts after a competitive bidding process. Prudential will assume the obligation and administrative responsibility for retirement benefits owed to about 36,000 United Technologies retirees and surviving beneficiaries who presently receive a benefit of $300 per month or less from the plans.
The United Technologies retirees and beneficiaries included in this group will not see any reduction in their monthly payments and will soon receive detailed information packages. United Technologies anticipates a seamless transition since Prudential already administers benefit payments for United Technologies retirees. “This transaction is an important part of United Technologies’ long-term strategy to reduce future pension risk and expense. It will not affect participants remaining in the plans and entrusts the assets leaving the plans to a highly rated insurance company whose core business is retirement security and administration of pension benefits,” said Robin Diamonte, United Technologies’ Chief Investment Officer.
On the otherhand Range Resources Corp.(NYSE:RRC), lost -1.17% and closed at $38.78 in the last trading session. The last trading range of the stock ranges between $38.44 and $39.28. The company’s Market capitalization is $6.59 billion with the total Outstanding Shares of 170.09 million. During the 52-week trading session the minimum price at which share price traded, registered at $19.21 and reached to max level of $46.96. RANGE RESOURCES CORPORATION (RRC) declared recently that its third quarter 2016 financial results news release will be issued Tuesday, October 25 after the close of trading on the New York Stock Exchange.
A conference call to review the financial results is planned on Wednesday, October 26 at 9:00 a.m. ET (8:00 a.m. CT). To take part in the call, please dial 866-900-7525 and provide conference code 92858145 about 10 minutes before the planned start time.