Gierl Augustine Investment Management Inc Lowers stake in CONSOL Energy (CNX)

CONSOL Energy (CNX) : Gierl Augustine Investment Management Inc reduced its stake in CONSOL Energy by 85.73% during the most recent quarter end. The investment management company now holds a total of 145 shares of CONSOL Energy which is valued at $2,712 after selling 871 shares in CONSOL Energy , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.

Other Hedge Funds, Including , Creative Planning boosted its stake in CNX in the latest quarter, The investment management firm added 2,354 additional shares and now holds a total of 7,215 shares of CONSOL Energy which is valued at $142,063.Bnp Paribas Arbitrage Sa reduced its stake in CNX by selling 93,053 shares or 81.9% in the most recent quarter. The Hedge Fund company now holds 20,561 shares of CNX which is valued at $410,192.Chevy Chase Trust Holdings reduced its stake in CNX by selling 116,636 shares or 39.41% in the most recent quarter. The Hedge Fund company now holds 179,319 shares of CNX which is valued at $3,577,414. CONSOL Energy makes up approx 0.02% of Chevy Chase Trust Holdings’s portfolio.

CONSOL Energy closed down -1.15 points or -5.79% at $18.7 with 32,38,895 shares getting traded on Friday. Post opening the session at $20.04, the shares hit an intraday low of $18.69 and an intraday high of $20.05 and the price fluctuated in this range throughout the day.Shares ended Friday 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 FBR & Co. on Oct 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $21 .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 .

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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