Navellier & Associates Inc. Sells 9,684 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Navellier & Associates Inc. trimmed its position in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 78.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,654 shares of the company's stock after selling 9,684 shares during the quarter. Navellier & Associates Inc.'s holdings in CONSOL Energy were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CEIX. Sei Investments Co. lifted its holdings in shares of CONSOL Energy by 8.2% in the first quarter. Sei Investments Co. now owns 12,132 shares of the company's stock worth $1,016,000 after buying an additional 924 shares in the last quarter. Vanguard Group Inc. increased 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 worth $214,602,000 after purchasing an additional 125,087 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of CONSOL Energy by 4.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 20,563 shares of the company's stock worth $1,722,000 after purchasing an additional 865 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of CONSOL Energy in the first quarter worth approximately $56,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of CONSOL Energy by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,344 shares of the company's stock worth $1,537,000 after purchasing an additional 1,149 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

CONSOL Energy Price Performance

NYSE CEIX traded down $0.91 on Friday, reaching $131.73. 553,584 shares of the company's stock traded hands, compared to its average volume of 602,917. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $133.12. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The stock has a 50-day simple moving average of $110.35 and a 200 day simple moving average of $101.29. The stock has a market cap of $3.87 billion, a PE ratio of 9.67 and a beta of 1.73.

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

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders 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 0.76%. The ex-dividend date is Friday, November 15th. CONSOL Energy's payout ratio is currently 7.34%.

Wall Street Analysts Forecast Growth

Several research firms recently 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 upped their price objective on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, November 18th.

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.