Hi Line Capital Management LLC Makes New $3.31 Million Investment in CONSOL Energy Inc. (NYSE:CEIX)

Hi Line Capital Management LLC acquired a new stake in shares of CONSOL Energy Inc. (NYSE:CEIX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,580 shares of the company's stock, valued at approximately $3,305,000. CONSOL Energy makes up 1.6% of Hi Line Capital Management LLC's investment portfolio, making the stock its 17th largest position. Hi Line Capital Management LLC owned approximately 0.11% of CONSOL Energy at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of CONSOL Energy by 2,931.3% during the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company's stock valued at $49,000 after acquiring an additional 469 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of CONSOL Energy during the third quarter valued at about $51,000. CWM LLC grew its holdings 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 purchasing an additional 220 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of CONSOL Energy in the first quarter valued at approximately $56,000. Finally, GAMMA Investing LLC raised its holdings 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.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their target price on CONSOL Energy from $109.00 to $138.00 and gave the stock a "buy" rating in a report on Monday, October 7th.

CONSOL Energy Stock Down 1.5 %

Shares of CEIX stock traded down $1.61 during trading hours on Friday, reaching $109.31. The company had a trading volume of 371,876 shares, compared to its average volume of 476,057. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 8.09 and a beta of 1.73. 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 12 month low of $75.43 and a 12 month high of $114.30. The business has a fifty day simple moving average of $101.85 and a 200-day simple moving average of $97.22.

CONSOL Energy (NYSE:CEIX - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.96 EPS for the quarter, topping 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 analyst estimates of $429.90 million. During the same period last year, the company posted $4.94 earnings per share. On average, research analysts expect that CONSOL Energy Inc. will post 11.5 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 0.5%. CONSOL Energy's dividend payout ratio is presently 1.85%.

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.