Envestnet Asset Management Inc. Has $10.10 Million Position in CONSOL Energy Inc. (NYSE:CEIX)

Envestnet Asset Management Inc. raised its stake in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 18.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,971 shares of the company's stock after buying an additional 15,382 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of CONSOL Energy worth $10,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Parallel Advisors LLC lifted its position in CONSOL Energy by 101.4% in the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company's stock valued at $30,000 after acquiring an additional 150 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of CONSOL Energy by 2,931.3% in the second 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. CWM LLC boosted its position in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company's stock worth $54,000 after buying an additional 220 shares during the period. EntryPoint Capital LLC bought a new position in shares of CONSOL Energy during the first quarter worth about $56,000. Finally, GAMMA Investing LLC raised its position in CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company's stock valued at $90,000 after buying an additional 309 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley upped their price target on CONSOL Energy from $103.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, September 6th.

CONSOL Energy Stock Up 1.7 %

CEIX stock traded up $1.77 during midday trading on Friday, hitting $105.90. The company's stock had a trading volume of 79,098 shares, compared to its average volume of 483,896. The company's fifty day moving average price is $95.87 and its 200 day moving average price is $93.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. CONSOL Energy Inc. has a twelve month low of $75.43 and a twelve month high of $114.30. The stock has a market capitalization of $3.11 billion, a P/E ratio of 6.31 and a beta of 1.72.

CONSOL Energy (NYSE:CEIX - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The business had revenue of $501.10 million for the quarter, compared to the consensus estimate of $429.90 million. During the same quarter in the previous year, the business earned $4.94 earnings per share. As a group, equities research analysts predict that CONSOL Energy Inc. will post 11.54 EPS for the current year.

CONSOL Energy Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.25 per share. This represents a yield of 0.5%. The ex-dividend date was Friday, August 30th. CONSOL Energy's dividend payout ratio (DPR) is currently 1.52%.

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.