CONSOL Energy Inc. (NYSE:CEIX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its stake in shares of CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 48.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,328 shares of the company's stock after selling 9,756 shares during the period. Assenagon Asset Management S.A.'s holdings in CONSOL Energy were worth $1,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CEIX. GSA Capital Partners LLP purchased a new position in CONSOL Energy in the first quarter valued at $620,000. Jupiter Asset Management Ltd. acquired a new position in CONSOL Energy during the 1st quarter worth approximately $10,832,000. Lake Street Advisors Group LLC acquired a new position in CONSOL Energy during the 1st quarter worth approximately $750,000. Samlyn Capital LLC purchased a new stake in shares of CONSOL Energy during the 2nd quarter worth approximately $36,033,000. Finally, Janus Henderson Group PLC boosted its stake in shares of CONSOL Energy by 53.8% during the 1st quarter. Janus Henderson Group PLC now owns 23,860 shares of the company's stock worth $1,999,000 after acquiring an additional 8,347 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

CONSOL Energy Trading Down 1.5 %

Shares of CEIX stock traded down $1.61 on Friday, reaching $109.31. 371,918 shares of the stock were exchanged, compared to its average volume of 416,571. The stock has a market cap of $3.21 billion, a P/E 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. The firm has a 50 day moving average of $102.14 and a two-hundred day moving average of $97.45. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $114.30.

CONSOL Energy (NYSE:CEIX - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The firm had revenue of $501.10 million during the quarter, compared to the consensus estimate of $429.90 million. During the same period in the prior year, the firm earned $4.94 EPS. On average, research analysts anticipate that CONSOL Energy Inc. will post 11.5 EPS for the current year.

CONSOL Energy Cuts Dividend

The business 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 was Friday, August 30th. This represents a dividend yield of 0.5%. CONSOL Energy's payout ratio is 1.85%.

Analyst Upgrades and Downgrades

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

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.