Fmr LLC Grows Position in CONSOL Energy Inc. (NYSE:CEIX)

FMR LLC raised its holdings in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 266.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,874 shares of the company's stock after acquiring an additional 30,440 shares during the period. FMR LLC owned approximately 0.14% of CONSOL Energy worth $4,382,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Samlyn Capital LLC bought a new stake in CONSOL Energy during the second quarter worth about $36,033,000. Victory Capital Management Inc. lifted its position in CONSOL Energy by 578.7% in the 3rd 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 during the last quarter. Barlow Wealth Partners Inc. purchased a new stake in CONSOL Energy in the second quarter worth approximately $13,645,000. International Assets Investment Management LLC purchased a new position in shares of CONSOL Energy during the third quarter worth approximately $10,032,000. Finally, Hennessy Advisors Inc. lifted its holdings in shares of CONSOL Energy by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company's stock worth $28,466,000 after acquiring an additional 42,800 shares during the last quarter. Institutional investors own 86.54% of the company's stock.

CONSOL Energy Trading Down 1.3 %

Shares of CONSOL Energy stock traded down $1.54 on Friday, hitting $116.48. The stock had a trading volume of 301,696 shares, compared to its average volume of 485,809. 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 $134.59. The stock's 50-day simple moving average is $118.23 and its two-hundred day simple moving average is $105.12. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 8.55 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.17 by $0.05. The business had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The company's revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $3.11 EPS. As a group, sell-side analysts predict 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 was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy's dividend payout ratio (DPR) is currently 7.34%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. B. Riley increased their target price 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 lifted their price objective on CONSOL Energy from $105.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, November 18th.

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.