CONSOL Energy (CEIX) Returned 18.5% in Q2
Greenlight Capital, an investment management company, released its second-quarter 2023 investor letter. A copy of the same can be downloaded here. The fund returned 14.5% net of fees and expenses, in the second quarter compared to an 8.7% return for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Greenlight Capital highlighted stocks like CONSOL Energy Inc. (NYSE:CEIX) in the second quarter 2023 investor letter. Headquartered in Canonsburg, Pennsylvania, CONSOL Energy Inc. (NYSE:CEIX) engages in the production of bituminous coal. On August 16, 2023, CONSOL Energy Inc. (NYSE:CEIX) stock closed at $83.21 per share. One-month return of CONSOL Energy Inc. (NYSE:CEIX) was 21.62%, and its shares gained 14.38% of their value over the last 52 weeks. CONSOL Energy Inc. (NYSE:CEIX) has a market capitalization of $2.867 billion.
Greenlight Capital made the following comment about CONSOL Energy Inc. (NYSE:CEIX) in its second quarter 2023 investor letter:
"CONSOL Energy Inc. (NYSE:CEIX), which returned 18.5% on the company’s strong execution and formal announcement that at least 75% of its free cash flow will be returned to shareholders, principally through stock buybacks. At quarter-end, the largest disclosed long positions in the Partnerships were Black Knight, Brighthouse Financial, CONSOL Energy, Green Brick Partners and Vitesco Technologies."
CONSOL Energy Inc. (NYSE:CEIX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held CONSOL Energy Inc. (NYSE:CEIX) at the end of second quarter which was 33 in the previous quarter.
We discussed CONSOL Energy Inc. (NYSE:CEIX) in another article and shared the list of stocks whose price targets were recently trimmed by analysts. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
