Intech Investment Management LLC Purchases 4,575 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Intech Investment Management LLC boosted its position in shares of CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 54.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,055 shares of the company's stock after purchasing an additional 4,575 shares during the period. Intech Investment Management LLC's holdings in CONSOL Energy were worth $1,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CEIX. Samlyn Capital LLC bought a new stake in shares of CONSOL Energy in the 2nd quarter valued at about $36,033,000. Victory Capital Management Inc. raised its stake in 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 buying an additional 226,069 shares during the period. Barlow Wealth Partners Inc. acquired a new stake in shares of CONSOL Energy in the second quarter valued at approximately $13,645,000. Vanguard Group Inc. boosted its stake in shares of 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 shares of CONSOL Energy during the 3rd quarter worth approximately $10,032,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CEIX shares. Benchmark raised their price target on CONSOL Energy from $105.00 to $140.00 and gave the company a "buy" rating in a report on Monday, November 18th. B. Riley raised their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a "buy" rating in a research note on Monday, October 7th.

CONSOL Energy Price Performance

CONSOL Energy stock opened at $132.53 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 9.73 and a beta of 1.73. The stock's 50 day moving average is $111.78 and its 200-day moving average is $102.16. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $134.59.

CONSOL Energy (NYSE:CEIX - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $574.90 million during the quarter, compared to analysts' expectations of $554.00 million. During the same period in the previous year, the company posted $3.11 earnings per share. The firm's revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts expect that CONSOL Energy Inc. will post 11.57 EPS for the current 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 0.75%. The ex-dividend date was Friday, November 15th. CONSOL Energy's dividend payout ratio (DPR) is currently 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.