Rr Partners Lp Lowers stake in CONSOL Energy (CNX)

CONSOL Energy (CNX) : Rr Partners Lp reduced its stake in CONSOL Energy by 6.5% during the most recent quarter end. The investment management company now holds a total of 4,201,000 shares of CONSOL Energy which is valued at $72,383,230 after selling 291,900 shares in CONSOL Energy , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.CONSOL Energy makes up approximately 2.92% of Rr Partners Lp’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies sold out all of its stake in CNX during the most recent quarter. The investment firm sold 3,670 shares of CNX which is valued $63,234.Engineers Gate Manager Lp reduced its stake in CNX by selling 80,986 shares or 27.52% in the most recent quarter. The Hedge Fund company now holds 213,266 shares of CNX which is valued at $3,674,573. CONSOL Energy makes up approx 0.25% of Engineers Gate Manager Lp’s portfolio.Capwealth Advisors boosted its stake in CNX in the latest quarter, The investment management firm added 19,290 additional shares and now holds a total of 134,265 shares of CONSOL Energy which is valued at $2,526,867. CONSOL Energy makes up approx 0.60% of Capwealth Advisors’s portfolio.Quadrant Capital Group boosted its stake in CNX in the latest quarter, The investment management firm added 89 additional shares and now holds a total of 214 shares of CONSOL Energy which is valued at $4,147. Newsquare Capital sold out all of its stake in CNX during the most recent quarter. The investment firm sold 414 shares of CNX which is valued $7,820.

CONSOL Energy closed down -0.05 points or -0.27% at $18.19 with 22,99,508 shares getting traded on Thursday. Post opening the session at $18.19, the shares hit an intraday low of $17.96 and an intraday high of $18.39 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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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