8,916 Shares in CONSOL Energy Inc. (NYSE:CEIX) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in CONSOL Energy Inc. (NYSE:CEIX - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 8,916 shares of the company's stock, valued at approximately $933,000.

Several other hedge funds have also bought and sold shares of CEIX. CWM LLC increased its stake in CONSOL Energy by 70.7% in the 2nd quarter. CWM LLC now owns 531 shares of the company's stock worth $54,000 after acquiring an additional 220 shares during the last quarter. Blue Trust Inc. increased 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 worth $49,000 after purchasing an additional 469 shares during the last quarter. Hennessy Advisors Inc. raised its stake in CONSOL Energy by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company's stock valued at $28,466,000 after purchasing an additional 42,800 shares in the last quarter. Arkadios Wealth Advisors bought a new position in CONSOL Energy during the second quarter valued at $311,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CONSOL Energy by 22.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,417 shares of the company's stock worth $553,000 after buying an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. B. Riley increased their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Benchmark raised their price objective 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.

CONSOL Energy Stock Performance

Shares of CONSOL Energy stock traded down $1.41 during midday trading on Friday, hitting $116.61. The company had a trading volume of 301,683 shares, compared to its average volume of 485,809. The company has a fifty day simple moving average of $117.98 and a 200 day simple moving average of $104.94. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 8.67 and a beta of 1.76. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. CONSOL Energy Inc. has a 12-month low of $75.43 and a 12-month high of $134.59.

CONSOL Energy (NYSE:CEIX - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.17 by $0.05. The company had revenue of $574.90 million during 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 firm's quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $3.11 EPS. As a group, analysts predict that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors 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 0.86%. CONSOL Energy's dividend payout ratio is presently 7.34%.

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.