Citigroup Inc. Buys 15,981 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Citigroup Inc. raised its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 53.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,604 shares of the company's stock after purchasing an additional 15,981 shares during the period. Citigroup Inc. owned about 0.16% of CONSOL Energy worth $4,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Samlyn Capital LLC bought a new stake in shares of CONSOL Energy during the second quarter valued at about $36,033,000. Janus Henderson Group PLC grew its stake in CONSOL Energy by 53.8% during the 1st quarter. Janus Henderson Group PLC now owns 23,860 shares of the company's stock valued at $1,999,000 after acquiring an additional 8,347 shares in the last quarter. Royce & Associates LP grew its position in CONSOL Energy by 141.5% during the third quarter. Royce & Associates LP now owns 10,695 shares of the company's stock valued at $1,119,000 after purchasing an additional 6,266 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of CONSOL Energy in the third quarter worth $3,619,000. Finally, Intech Investment Management LLC increased its position in CONSOL Energy by 54.0% in the 3rd quarter. Intech Investment Management LLC now owns 13,055 shares of the company's stock worth $1,366,000 after purchasing an additional 4,575 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

Analyst Ratings Changes

CEIX has been the topic of a number of recent research reports. B. Riley raised their price target on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a "buy" rating in a report on Monday, October 7th. Benchmark raised their price objective on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, November 18th.

CONSOL Energy Trading Down 0.1 %

CEIX traded down $0.15 during mid-day trading on Tuesday, reaching $127.69. The stock had a trading volume of 268,798 shares, compared to its average volume of 601,706. The firm's fifty day simple moving average is $115.73 and its two-hundred day simple moving average is $103.94. CONSOL Energy Inc. has a 52 week low of $75.43 and a 52 week high of $134.59. The stock has a market capitalization of $3.75 billion, a P/E ratio of 9.38 and a beta of 1.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

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

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.78%. CONSOL Energy's payout ratio is presently 7.34%.

CONSOL Energy Profile

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.