CONSOL Energy Inc. (NYSE:CEIX) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 79.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,394 shares of the company's stock after selling 20,385 shares during the period. Allspring Global Investments Holdings LLC's holdings in CONSOL Energy were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in CONSOL Energy by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company's stock valued at $214,602,000 after acquiring an additional 125,087 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of CONSOL Energy by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company's stock valued at $62,370,000 after purchasing an additional 38,669 shares in the last quarter. Samlyn Capital LLC purchased a new stake in shares of CONSOL Energy during the 2nd quarter worth $36,033,000. Hennessy Advisors Inc. grew its stake in shares of CONSOL Energy by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company's stock worth $28,466,000 after purchasing an additional 42,800 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC increased its holdings in CONSOL Energy by 13.1% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 197,822 shares of the company's stock valued at $20,184,000 after buying an additional 22,900 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley lifted their price target 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 %

CONSOL Energy stock traded down $1.61 during mid-day trading on Friday, hitting $109.31. The company had a trading volume of 371,918 shares, compared to its average volume of 476,057. The stock 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 quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $114.30. The business has a fifty day moving average of $102.14 and a 200 day moving average of $97.39.

CONSOL Energy (NYSE:CEIX - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.68. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The firm had revenue of $501.10 million for the quarter, compared to the consensus estimate of $429.90 million. During the same period last year, the firm posted $4.94 EPS. On average, sell-side 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 announced a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.25 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy's payout ratio is currently 1.85%.

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.