Janney Montgomery Scott LLC Makes New Investment in CONSOL Energy Inc. (NYSE:CEIX)

Janney Montgomery Scott LLC acquired a new position in CONSOL Energy Inc. (NYSE:CEIX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,579 shares of the company's stock, valued at approximately $3,619,000. Janney Montgomery Scott LLC owned about 0.12% of CONSOL Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company's stock valued at $49,000 after purchasing an additional 469 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of CONSOL Energy during the 3rd quarter worth approximately $51,000. CWM LLC lifted its position in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company's stock valued at $54,000 after buying an additional 220 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in CONSOL Energy in the 1st quarter valued at $56,000. Finally, GAMMA Investing LLC increased its holdings in CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company's stock worth $90,000 after acquiring an additional 309 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley upped their price target on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a "buy" rating in a research report on Monday, October 7th.

CONSOL Energy Price Performance

CEIX traded up $1.80 during trading on Monday, reaching $129.82. The company's stock had a trading volume of 456,112 shares, compared to its average volume of 484,893. The company has a quick ratio of 1.31, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $104.38 and a two-hundred day simple moving average of $98.84. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 9.51 and a beta of 1.73. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $130.47.

CONSOL Energy (NYSE:CEIX - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The business had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. During the same quarter in the previous year, the firm earned $3.11 EPS. The company's quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts anticipate that CONSOL Energy Inc. will post 11.57 EPS for the current year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy's dividend payout ratio is presently 7.34%.

About CONSOL Energy

CONSOL Energy Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.