Vestcor Inc Purchases 5,860 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Vestcor Inc boosted its position in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 21.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,105 shares of the company's stock after acquiring an additional 5,860 shares during the quarter. Vestcor Inc owned 0.11% of CONSOL Energy worth $3,464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of CONSOL Energy by 6.8% during 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position in CONSOL Energy by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the company's stock valued at $40,317,000 after buying an additional 990 shares during the period. Samlyn Capital LLC bought a new position in shares of CONSOL Energy during the second quarter valued at about $36,033,000. Hennessy Advisors Inc. increased its holdings in shares of 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 buying an additional 42,800 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of CONSOL Energy by 578.7% in the 3rd quarter. Victory Capital Management Inc. now owns 265,133 shares of the company's stock valued at $27,746,000 after acquiring an additional 226,069 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

CONSOL Energy Trading Up 1.0 %

Shares of NYSE CEIX traded up $1.18 during trading hours on Wednesday, hitting $117.06. The company's stock had a trading volume of 412,581 shares, compared to its average volume of 487,223. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $134.59. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 8.59 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. The business has a 50-day simple moving average of $117.67 and a 200-day simple moving average of $104.85.

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

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.85%. CONSOL Energy's dividend payout ratio (DPR) is presently 7.34%.

Analyst Upgrades and Downgrades

CEIX has been the topic of a number of analyst reports. B. Riley lifted their price target on CONSOL Energy from $109.00 to $138.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. Benchmark lifted their target price on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, November 18th.

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.