Southeastern Asset Management INC Holding in Consol Energy INC (CNX) Has Increased as Market Valuation Declined

November 14, 2017 - By Darrin Black

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.10, from 1.05 in 2017Q1. It is negative, as 36 investors sold CNX shares while 82 reduced holdings. 28 funds opened positions while 84 raised stakes. 222.88 million shares or 3.94% less from 232.01 million shares in 2017Q1 were reported. Lmr Partners Llp has invested 0.02% of its portfolio in CONSOL Energy Inc. (NYSE:CNX). Group Incorporated One Trading Limited Partnership holds 0.04% or 243,730 shares in its portfolio. Riverhead Mgmt Ltd invested 0.03% in CONSOL Energy Inc. (NYSE:CNX). Shelton Capital Mgmt accumulated 13,127 shares. First Manhattan Com reported 1,160 shares or 0% of all its holdings. Teacher Retirement System Of Texas, a Texas-based fund reported 14,921 shares. 10,881 are held by Stephens Ar. Bancorporation Of Montreal Can holds 0.01% or 1.02M shares. Teachers Retirement System Of The State Of Kentucky accumulated 32,735 shares. 32,840 were accumulated by Qs Investors Ltd Com. 396,896 are owned by Invesco. Creative Planning invested in 7,239 shares or 0% of the stock. American Gru holds 363,301 shares. Employees Retirement Of Ohio has 0.01% invested in CONSOL Energy Inc. (NYSE:CNX). Bridgewater Associates LP holds 65,283 shares.

Mason Hawkins increased its stake in Consol Energy Inc. (CNX) by 0.87% based on its latest 2017Q2 regulatory filing with the SEC. Southeastern Asset Management Inc bought 441,482 shares as the company’s stock declined 5.08% while stock markets rallied. The hedge fund run by Mason Hawkins held 50.92M shares of the coal mining company at the end of 2017Q2, valued at $760.70M, up from 50.48 million at the end of the previous reported quarter. Southeastern Asset Management Inc who had been investing in Consol Energy Inc. for a number of months, seems to be bullish on the $3.60B market cap company. The stock declined 2.82% or $0.46 reaching $15.65 on the news. About 4.03M shares traded or 32.13% up from the average. CONSOL Energy Inc. (NYSE:CNX) has risen 22.10% since November 14, 2016 and is uptrending. It has outperformed by 5.40% the S&P500.

Southeastern Asset Management Inc, which manages about $35.07B and $9.11B US Long portfolio, decreased its stake in Chesapeake Energy Corporation (NYSE:CHK) by 6.01M shares to 43.54M shares, valued at $216.41 million in 2017Q2, according to the filing. It also reduced its holding in Wynn Resorts Limited (NASDAQ:WYNN) by 3.13 million shares in the quarter, leaving it with 6.72M shares, and cut its stake in Melco Resorts & Entertainment (NASDAQ:MPEL).

More recent CONSOL Energy Inc. (NYSE:CNX) news were published by: Post-Gazette.com which released: “Consol Energy board approves company split” on October 31, 2017. Also Seekingalpha.com published the news titled: “Consol Energy Could Double After Spinoff” on November 14, 2017. Prnewswire.com‘s news article titled: “CONSOL Energy Announces Third Quarter 2017 Earnings Release and Conference …” with publication date: October 16, 2017 was also an interesting one.

CONSOL Energy Inc. (NYSE:CNX) Ratings Coverage

Among 16 analysts covering Consol Energy Inc. (NYSE:CNX), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. Consol Energy Inc. has $35 highest and $6 lowest target. $15.68’s average target is 0.19% above currents $15.65 stock price. Consol Energy Inc. had 50 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The firm earned “Buy” rating on Thursday, August 24 by Stifel Nicolaus. The stock of CONSOL Energy Inc. (NYSE:CNX) earned “Buy” rating by KLR Group on Monday, April 4. The firm earned “Equalweight” rating on Wednesday, July 13 by Barclays Capital. On Monday, August 15 the stock rating was upgraded by Bank of America to “Neutral”. The firm earned “Equal-Weight” rating on Friday, January 22 by Morgan Stanley. The stock of CONSOL Energy Inc. (NYSE:CNX) has “Neutral” rating given on Tuesday, January 26 by Susquehanna. The firm has “Buy” rating given on Wednesday, July 27 by Jefferies. SunTrust maintained the shares of CNX in report on Tuesday, October 17 with “Hold” rating. The company was reinitiated on Thursday, September 24 by Goldman Sachs.

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