State Street Corp Decreases Stock Position in CONSOL Energy Inc. (NYSE:CEIX)

State Street Corp trimmed its position in shares of CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,699,080 shares of the company's stock after selling 30,547 shares during the period. State Street Corp owned approximately 5.78% of CONSOL Energy worth $177,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Samlyn Capital LLC bought a new stake in CONSOL Energy in the second quarter worth $36,033,000. Victory Capital Management Inc. boosted its stake in shares of CONSOL Energy by 578.7% during the 3rd quarter. Victory Capital Management Inc. now owns 265,133 shares of the company's stock worth $27,746,000 after purchasing an additional 226,069 shares during the period. Barlow Wealth Partners Inc. bought a new position in CONSOL Energy during the 2nd quarter valued at about $13,645,000. International Assets Investment Management LLC purchased a new stake in CONSOL Energy in the 3rd quarter worth about $10,032,000. Finally, Hennessy Advisors Inc. lifted its stake in CONSOL Energy by 18.1% in 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 during the last quarter. 86.54% of the stock is currently owned by institutional investors.

CONSOL Energy Trading Down 1.7 %

Shares of NYSE CEIX traded down $2.04 during trading hours on Friday, reaching $115.98. The stock had a trading volume of 78,609 shares, compared to its average volume of 484,870. CONSOL Energy Inc. has a 52-week low of $75.43 and a 52-week high of $134.59. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 8.67 and a beta of 1.76. The business's fifty day moving average price is $117.98 and its two-hundred day moving average price is $104.94. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

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

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy's dividend payout ratio (DPR) is currently 7.34%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CEIX. Benchmark increased their price target on CONSOL Energy from $105.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, November 18th. B. Riley increased their target price on CONSOL Energy from $109.00 to $138.00 and gave the stock a "buy" rating in a research note on Monday, October 7th.

CONSOL Energy Company 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.