Eubel Brady Suttman Asset Management Inc Lowers stake in CONSOL Energy (CNX)

CONSOL Energy (CNX) : Eubel Brady Suttman Asset Management Inc reduced its stake in CONSOL Energy by 1.2% during the most recent quarter end. The investment management company now holds a total of 730,105 shares of CONSOL Energy which is valued at $12,579,709 after selling 8,889 shares in CONSOL Energy , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.CONSOL Energy makes up approximately 4.26% of Eubel Brady Suttman Asset Management Inc’s portfolio.

Other Hedge Funds, Including , C M Bidwell Associates Ltd reduced its stake in CNX by selling 25,910 shares or 95.45% in the most recent quarter. The Hedge Fund company now holds 1,235 shares of CNX which is valued at $21,279. CONSOL Energy makes up approx 0.01% of C M Bidwell Associates Ltd’s portfolio.Howard Hughes Medical Institute reduced its stake in CNX by selling 3,229 shares or 1.8% in the most recent quarter. The Hedge Fund company now holds 176,250 shares of CNX which is valued at $3,317,025. CONSOL Energy makes up approx 1.06% of Howard Hughes Medical Institute’s portfolio.Signaturefd reduced its stake in CNX by selling 8,300 shares or 92.5% in the most recent quarter. The Hedge Fund company now holds 673 shares of CNX which is valued at $13,043.Louisiana State Employees Retirement System reduced its stake in CNX by selling 2,500 shares or 3.94% in the most recent quarter. The Hedge Fund company now holds 61,000 shares of CNX which is valued at $1,152,290. CONSOL Energy makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.

CONSOL Energy opened for trading at $18.07 and hit $18.64 on the upside on Monday, eventually ending the session at $18.54, with a gain of 2.26% or 0.41 points. The heightened volatility saw the trading volume jump to 24,54,183 shares. Company has a market cap of $4,254 M.

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. CONSOL Energy was Upgraded by BofA/Merrill to ” Neutral” on Aug 15, 2016. 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).

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