Group One Trading buys $22,119,999 stake in CONSOL Energy (CNX)

CONSOL Energy (CNX) : Group One Trading scooped up 491,527 additional shares in CONSOL Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,200,217 shares of CONSOL Energy which is valued at $22,119,999.CONSOL Energy makes up approximately 1.70% of Group One Trading’s portfolio.

Other Hedge Funds, Including , Brandywine Global Investment Management reduced its stake in CNX by selling 9,200 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 523,869 shares of CNX which is valued at $9,654,906. CONSOL Energy makes up approx 0.06% of Brandywine Global Investment Management’s portfolio.Ubs Asset Management Americas Inc boosted its stake in CNX in the latest quarter, The investment management firm added 14,728 additional shares and now holds a total of 315,276 shares of CONSOL Energy which is valued at $5,296,637. CONSOL Energy makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio. Oakbrook Investments sold out all of its stake in CNX during the most recent quarter. The investment firm sold 11,900 shares of CNX which is valued $215,390. Cwm added CNX to its portfolio by purchasing 26 company shares during the most recent quarter which is valued at $486.

CONSOL Energy opened for trading at $18.22 and hit $18.56 on the upside on Monday, eventually ending the session at $18.44, with a gain of 1.93% or 0.35 points. The heightened volatility saw the trading volume jump to 41,12,815 shares. Company has a market cap of $4,231 M.

On the company’s financial health, CONSOL Energy reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.13. The company had revenue of $745.58 million for the quarter, compared to analysts expectations of $566.46 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.28 EPS.

Many Wall Street Analysts have commented on CONSOL Energy. CONSOL Energy was Upgraded by Morgan Stanley to ” Overweight” on Nov 21, 2016. CONSOL Energy was Upgraded by KLR Group to ” Buy” on Nov 11, 2016. 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 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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