Wellington Management Group LLP Acquires 8,548 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Wellington Management Group LLP boosted its position in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,560 shares of the company's stock after purchasing an additional 8,548 shares during the period. Wellington Management Group LLP owned about 0.20% of CONSOL Energy worth $6,233,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Samlyn Capital LLC purchased a new position in shares of CONSOL Energy in the second quarter worth approximately $36,033,000. FMR LLC grew its position in shares of CONSOL Energy by 266.2% during the 3rd quarter. FMR LLC now owns 41,874 shares of the company's stock valued at $4,382,000 after acquiring an additional 30,440 shares during the period. Royce & Associates LP increased its stake in shares of CONSOL Energy by 141.5% in the 3rd quarter. Royce & Associates LP now owns 10,695 shares of the company's stock worth $1,119,000 after purchasing an additional 6,266 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in CONSOL Energy in the 3rd quarter worth $3,619,000. Finally, Intech Investment Management LLC lifted its position in CONSOL Energy by 54.0% during the third quarter. Intech Investment Management LLC now owns 13,055 shares of the company's stock valued at $1,366,000 after purchasing an additional 4,575 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

CONSOL Energy Price Performance

CEIX traded down $4.16 on Tuesday, hitting $111.94. 845,053 shares of the company's stock traded hands, compared to its average volume of 486,211. The company's 50 day simple moving average is $118.39 and its 200-day simple moving average is $105.31. 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 Inc. has a one year low of $75.43 and a one year high of $134.59. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 8.22 and a beta of 1.76.

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

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. CONSOL Energy's dividend payout ratio (DPR) is 7.34%.

Wall Street Analysts Forecast Growth

CEIX has been the topic of several recent research reports. B. Riley raised their price objective 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 upped their target price on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a "buy" rating in a report 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.