Arrow Investment Advisors adds CONSOL Energy (CNX) to its portfolio

CONSOL Energy (CNX) : Arrow Investment Advisors added new position in CONSOL Energy during the most recent quarter end. The investment management firm now holds 161,581 shares of CONSOL Energy which is valued at $2.3 Million , the company said in a statement filed on May 12, 2016 with the SEC.CONSOL Energy makes up approximately 0.50% of Arrow Investment Advisors’s portfolio.

Other Hedge Funds, Including , Scoggin Management Lp sold out all of its stake in CNX during the most recent quarter. The investment firm sold 386,000 shares of CNX which is valued $5.5 Million. Janney Montgomery Scott sold out all of its stake in CNX during the most recent quarter. The investment firm sold 37,047 shares of CNX which is valued $530,513.Schwab Charles Investment Management Inc reduced its stake in CNX by selling 297,975 shares or 31.44% in the most recent quarter. The Hedge Fund company now holds 649,756 shares of CNX which is valued at $9.7 Million. CONSOL Energy makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.California Public Employees Retirement System boosted its stake in CNX in the latest quarter, The investment management firm added 127,300 additional shares and now holds a total of 767,546 shares of CONSOL Energy which is valued at $11.4 Million. CONSOL Energy makes up approx 0.02% of California Public Employees Retirement System’s portfolio. Tci Wealth Advisors added CNX to its portfolio by purchasing 91 company shares during the most recent quarter which is valued at $1,370.

CONSOL Energy (CNX) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.21 and reached the intraday high at $13.435. The bulls started the profit booking and pushed the shares to intraday low of $13.09. The trading session was marked by a volume range of 60,93,165 shares exchanging hands. The 52-week high of the shares is $32.2 and the 52-week low is $4.54. The market cap of the company stands at $3,021 M and there are 22,93,66,120 shares in public circulation.

On the company’s financial health, CONSOL Energy reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $-0.09. The company had revenue of $558.50 million for the quarter, compared to analysts expectations of $693.32 million. The company’s revenue was down -29.5 % 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. KLR Group Initiated CONSOL Energy on Apr 4, 2016 to “Buy”, Price Target of the shares are set at $17.FBR Capital Resumed CONSOL Energy on Feb 26, 2016 to “Outperform”, Price Target of the shares are set at $21.

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).

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