Verition Fund Management LLC Purchases New Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Verition Fund Management LLC bought a new stake in CONSOL Energy Inc. (NYSE:CEIX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,163 shares of the company's stock, valued at approximately $540,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its position in CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company's stock worth $54,000 after buying an additional 220 shares during the last quarter. Blue Trust Inc. increased its stake 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 worth $49,000 after acquiring an additional 469 shares during the period. Hennessy Advisors Inc. raised its holdings 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 during the last quarter. Arkadios Wealth Advisors acquired a new position in CONSOL Energy during the second quarter valued at $311,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CONSOL Energy by 22.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,417 shares of the company's stock valued at $553,000 after purchasing an additional 978 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CEIX. Benchmark lifted their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, November 18th. B. Riley raised 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 Performance

Shares of CEIX traded up $1.00 during trading hours on Thursday, hitting $118.06. The stock had a trading volume of 331,540 shares, compared to its average volume of 486,576. The firm has a 50-day moving average price of $117.98 and a 200 day moving average price of $104.94. CONSOL Energy Inc. has a fifty-two week low of $75.43 and a fifty-two week high of $134.59. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 8.67 and a beta of 1.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

CONSOL Energy (NYSE:CEIX - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, beating analysts' consensus estimates of $3.17 by $0.05. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The company had revenue of $574.90 million during the quarter, compared to analysts' expectations of $554.00 million. During the same quarter in the previous year, the company earned $3.11 earnings per share. The firm's revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts anticipate that CONSOL Energy Inc. will post 11.57 EPS for the current year.

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. CONSOL Energy's dividend payout ratio is currently 7.34%.

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.