Hourglass Capital LLC Purchases 13,770 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Hourglass Capital LLC lifted its position in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 41.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,120 shares of the company's stock after buying an additional 13,770 shares during the quarter. Hourglass Capital LLC owned about 0.16% of CONSOL Energy worth $4,931,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CEIX. Samlyn Capital LLC bought a new stake in CONSOL Energy during the second quarter worth approximately $36,033,000. Victory Capital Management Inc. boosted its position 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 valued at $27,746,000 after acquiring an additional 226,069 shares during the period. Barlow Wealth Partners Inc. bought a new stake in shares of CONSOL Energy in the second quarter valued at approximately $13,645,000. Jupiter Asset Management Ltd. bought a new stake in shares of CONSOL Energy in the first quarter valued at approximately $10,832,000. Finally, Vanguard Group Inc. boosted its position in shares of CONSOL Energy by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company's stock valued at $214,602,000 after acquiring an additional 125,087 shares during the period. Institutional investors own 86.54% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley increased their price objective on CONSOL Energy from $109.00 to $138.00 and gave the company a "buy" rating in a research report on Monday, October 7th.

CONSOL Energy Stock Performance

Shares of CEIX traded down $2.42 during mid-day trading on Thursday, hitting $122.74. The company's stock had a trading volume of 353,769 shares, compared to its average volume of 490,859. CONSOL Energy Inc. has a one year low of $75.43 and a one year high of $130.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The firm has a market capitalization of $3.61 billion, a PE ratio of 9.18 and a beta of 1.73. The stock's 50-day moving average is $106.17 and its two-hundred day moving average is $99.61.

CONSOL Energy (NYSE:CEIX - Get Free Report) last issued 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. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The firm had revenue of $574.90 million during the quarter, compared to analysts' expectations of $554.00 million. During the same period last year, the business earned $3.11 earnings per share. CONSOL Energy's quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that CONSOL Energy Inc. will post 11.57 EPS for the current year.

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, November 15th. CONSOL Energy's dividend payout ratio (DPR) 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.