Victory Capital Management Inc. Has $27.75 Million Stake in CONSOL Energy Inc. (NYSE:CEIX)

Victory Capital Management Inc. increased its position in shares of CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 578.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,133 shares of the company's stock after purchasing an additional 226,069 shares during the period. Victory Capital Management Inc. owned 0.90% of CONSOL Energy worth $27,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. lifted its position in CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company's stock valued at $49,000 after acquiring an additional 469 shares during the last quarter. Sound Income Strategies LLC acquired a new position in CONSOL Energy in the third quarter valued at $51,000. CWM LLC raised its position in shares of CONSOL Energy by 70.7% in 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 period. EntryPoint Capital LLC purchased a new stake in CONSOL Energy during the first quarter worth approximately $56,000. Finally, GAMMA Investing LLC boosted its stake in shares of CONSOL Energy by 54.1% in the second quarter. GAMMA Investing LLC now owns 880 shares of the company's stock valued at $90,000 after purchasing an additional 309 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CEIX. Benchmark boosted their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a "buy" rating in a research report on Monday. B. Riley raised their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a "buy" rating in a report on Monday, October 7th.

CONSOL Energy Price Performance

Shares of NYSE:CEIX traded up $2.14 on Monday, hitting $126.29. The stock had a trading volume of 478,990 shares, compared to its average volume of 491,855. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.28 and a beta of 1.73. 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 firm's 50 day moving average price is $107.43 and its 200-day moving average price is $100.28. CONSOL Energy Inc. has a twelve month low of $75.43 and a twelve month high of $130.47.

CONSOL Energy (NYSE:CEIX - Get Free Report) last posted its quarterly earnings data 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. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The firm 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 posted $3.11 EPS. CONSOL Energy's revenue was up .9% on a year-over-year basis. On average, equities research analysts predict that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. CONSOL Energy's dividend payout ratio is presently 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.