CONSOL Energy (CNX) : Howard Hughes Medical Institute reduced its stake in CONSOL Energy by 1.8% during the most recent quarter end. The investment management company now holds a total of 176,250 shares of CONSOL Energy which is valued at $3,317,025 after selling 3,229 shares in CONSOL Energy , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.CONSOL Energy makes up approximately 1.06% of Howard Hughes Medical Institute’s portfolio.
Other Hedge Funds, Including , Jennison Associates reduced its stake in CNX by selling 59,213 shares or 4.25% in the most recent quarter. The Hedge Fund company now holds 1,333,076 shares of CNX which is valued at $25,088,490. CONSOL Energy makes up approx 0.03% of Jennison Associates’s portfolio.Meeder Asset Management Inc boosted its stake in CNX in the latest quarter, The investment management firm added 14,768 additional shares and now holds a total of 86,217 shares of CONSOL Energy which is valued at $1,469,138. CONSOL Energy makes up approx 0.13% of Meeder Asset Management Inc’s portfolio.Cutler Group Lp boosted its stake in CNX in the latest quarter, The investment management firm added 1,800 additional shares and now holds a total of 8,090 shares of CONSOL Energy which is valued at $135,184. CONSOL Energy makes up approx 0.01% of Cutler Group Lp’s portfolio.Gateway Investment Advisers reduced its stake in CNX by selling 303 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 54,827 shares of CNX which is valued at $916,159. CONSOL Energy makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CNX in the latest quarter, The investment management firm added 93,661 additional shares and now holds a total of 113,614 shares of CONSOL Energy which is valued at $1,845,091. CONSOL Energy makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
CONSOL Energy closed down -0.09 points or -0.47% at $18.96 with 42,61,581 shares getting traded on Monday. Post opening the session at $19.21, the shares hit an intraday low of $18.94 and an intraday high of $19.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, CONSOL Energy reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $-0.19. The company had revenue of $285.80 million for the quarter, compared to analysts expectations of $565.66 million. The company’s revenue was down -47.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.
Many Wall Street Analysts have commented on CONSOL Energy. Company shares were Reiterated by Scotia Howard Weil on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .Company shares were Downgraded by KLR Group on Jul 18, 2016 to ” Accumulate”, Firm has raised the Price Target to $ 20 from a previous price target of $17 .
CONSOL Energy Inc. is an integrated energy company. The Company operates through two divisions: oil and gas exploration and production (E&P) and coal mining. The E&P division is focused on natural gas and liquids activities including production gathering processing and acquisition of natural gas properties in the Appalachian Basin (Pennsylvania West Virginia Ohio Virginia and Tennessee). The coal division is focused on the extraction and preparation of coal in the Appalachian Basin. It holds two joint ventures one with Noble Energy Inc. in the Marcellus Shale and one with a subsidiary of Hess Corporation in the Utica Shale. Its gas operations include Marcellus Shale Utica Shale Coalbed Methane and Other Gas properties. Its coal mining division includes Pennsylvania (PA) operations coal segment Virginia (VA) operations coal segment and other coal segment. As of December 31 2014 the Company has a total production of 645792 million cubic feet per day (Mcfe per day).