Independent Advisor Alliance lessened its stake in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 41.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,962 shares of the company's stock after selling 6,434 shares during the period. Independent Advisor Alliance's holdings in CONSOL Energy were worth $938,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company's stock valued at $49,000 after purchasing an additional 469 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in CONSOL Energy in the third quarter valued at approximately $51,000. CWM LLC increased its position in shares of CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company's stock valued at $54,000 after buying an additional 220 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of CONSOL Energy by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company's stock worth $90,000 after buying an additional 309 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of CONSOL Energy during the 3rd quarter valued at approximately $104,000. Institutional investors and hedge funds own 86.54% of the company's stock.
CONSOL Energy Price Performance
Shares of NYSE CEIX traded down $1.16 during midday trading on Thursday, hitting $131.39. The stock had a trading volume of 310,285 shares, compared to its average volume of 491,215. 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 stock has a 50 day simple moving average of $113.26 and a 200-day simple moving average of $102.69. The company has a market capitalization of $3.86 billion, a PE ratio of 9.65 and a beta of 1.73. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $134.59.
CONSOL Energy (NYSE:CEIX - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, beating analysts' consensus estimates of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. During the same quarter last year, the firm posted $3.11 EPS. The firm's revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts expect that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal year.
CONSOL Energy Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, November 15th. CONSOL Energy's dividend payout ratio is currently 7.34%.
Analyst Ratings Changes
A number of research firms have weighed in on CEIX. B. Riley upped their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Benchmark boosted their target price 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.
Check Out Our Latest Research Report on CEIX
CONSOL Energy Profile
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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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