Geode Capital Management LLC Buys 31,310 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Geode Capital Management LLC boosted its position in shares of CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 4.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 751,044 shares of the company's stock after buying an additional 31,310 shares during the period. Geode Capital Management LLC owned approximately 2.56% of CONSOL Energy worth $78,609,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CEIX. American Century Companies Inc. raised its holdings in shares of CONSOL Energy by 6.8% during the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company's stock worth $62,370,000 after buying an additional 38,669 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in CONSOL Energy by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the company's stock valued at $40,317,000 after acquiring an additional 990 shares during the last quarter. Samlyn Capital LLC acquired a new position in CONSOL Energy during the second quarter worth about $36,033,000. Victory Capital Management Inc. lifted its holdings in shares of CONSOL Energy by 578.7% in the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company's stock worth $27,746,000 after acquiring an additional 226,069 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its stake in shares of CONSOL Energy by 13.1% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 197,822 shares of the company's stock valued at $20,184,000 after purchasing an additional 22,900 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CEIX. Benchmark upped their price objective on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. 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 report on Monday, October 7th.

CONSOL Energy Trading Down 4.2 %

Shares of CEIX stock traded down $4.60 during mid-day trading on Friday, reaching $103.69. 1,193,027 shares of the stock traded hands, compared to its average volume of 488,761. The stock's fifty day simple moving average is $118.42 and its two-hundred day simple moving average is $105.45. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $134.59. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 7.61 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX - Get Free Report) last posted its 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. The business had revenue of $574.90 million for the quarter, compared to the consensus estimate of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The firm's revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $3.11 EPS. On average, research analysts anticipate that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. CONSOL Energy's payout ratio is 7.34%.

CONSOL Energy Company 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.