Southeastern Asset Management Inctn buys $913,634,942 stake in CONSOL Energy (CNX)

CONSOL Energy (CNX) : Southeastern Asset Management Inctn scooped up 30,160 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 49,573,247 shares of CONSOL Energy which is valued at $913,634,942.CONSOL Energy makes up approximately 8.52% of Southeastern Asset Management Inctn’s portfolio.

Other Hedge Funds, Including , Raymond James Associates reduced its stake in CNX by selling 3,618 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 174,364 shares of CNX which is valued at $3,213,529. CONSOL Energy makes up approx 0.01% of Raymond James Associates’s portfolio.Citadel Advisors reduced its stake in CNX by selling 7,441 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 1,462,876 shares of CNX which is valued at $25,790,504. CONSOL Energy makes up approx 0.07% of Citadel Advisors’s portfolio.First Midwest Bank Trust Division boosted its stake in CNX in the latest quarter, The investment management firm added 446 additional shares and now holds a total of 40,446 shares of CONSOL Energy which is valued at $692,840. CONSOL Energy makes up approx 0.09% of First Midwest Bank Trust Division’s portfolio.Great West Life Assurance Co Can boosted its stake in CNX in the latest quarter, The investment management firm added 12,481 additional shares and now holds a total of 207,141 shares of CONSOL Energy which is valued at $3,488,254. CONSOL Energy makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Acadian Asset Management boosted its stake in CNX in the latest quarter, The investment management firm added 147 additional shares and now holds a total of 524 shares of CONSOL Energy which is valued at $9,432.

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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