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Royce & Associates LP Purchases 6,266 Shares of CONSOL Energy Inc. (NYSE:CEIX)

CONSOL Energy logo with Oils/Energy background

Royce & Associates LP raised its stake in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 141.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,695 shares of the company's stock after acquiring an additional 6,266 shares during the quarter. Royce & Associates LP's holdings in CONSOL Energy were worth $1,119,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Samlyn Capital LLC acquired a new position in shares of CONSOL Energy during the 2nd quarter worth approximately $36,033,000. Victory Capital Management Inc. grew its position in CONSOL Energy by 578.7% during the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company's stock worth $27,746,000 after buying an additional 226,069 shares in the last quarter. Barlow Wealth Partners Inc. bought a new position in CONSOL Energy during the 2nd quarter worth $13,645,000. Vanguard Group Inc. increased its stake in CONSOL Energy by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company's stock worth $214,602,000 after acquiring an additional 125,087 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in CONSOL Energy in the 3rd quarter valued at $10,032,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

CONSOL Energy Price Performance

Shares of CEIX traded up $0.15 during midday trading on Wednesday, hitting $126.73. The company's stock had a trading volume of 94,073 shares, compared to its average volume of 489,880. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. CONSOL Energy Inc. has a one year low of $75.43 and a one year high of $130.47. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 9.29 and a beta of 1.73. The company's fifty day simple moving average is $108.87 and its two-hundred day simple moving average is $100.90.

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

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, November 15th. CONSOL Energy's dividend payout ratio is 7.34%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CEIX shares. B. Riley increased their target price on CONSOL Energy from $109.00 to $138.00 and gave the stock a "buy" rating in a report on Monday, October 7th. Benchmark raised their target price on shares of CONSOL Energy from $105.00 to $140.00 and gave the company a "buy" rating in a report on Monday.

Check Out Our Latest Research Report on CEIX

CONSOL Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CONSOL Energy (NYSE:CEIX)

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