Dynamic Technology Lab Private Ltd Makes New Investment in CONSOL Energy Inc. (NYSE:CEIX)

Dynamic Technology Lab Private Ltd bought a new stake in shares of CONSOL Energy Inc. (NYSE:CEIX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,216 shares of the company’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CEIX. American Century Companies Inc. grew its holdings in CONSOL Energy by 6.8% in the second 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 period. Charles Schwab Investment Management Inc. grew its stake in CONSOL Energy by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the company’s stock valued at $40,317,000 after acquiring an additional 990 shares during the period. Samlyn Capital LLC acquired a new stake in CONSOL Energy in the 2nd quarter valued at $36,033,000. Hennessy Advisors Inc. increased its holdings in CONSOL Energy by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company’s stock worth $28,466,000 after acquiring an additional 42,800 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in CONSOL Energy by 578.7% during the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock worth $27,746,000 after acquiring an additional 226,069 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CEIX. B. Riley lifted their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Benchmark lifted their price objective on CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 18th.

CONSOL Energy Stock Down 0.5 %

Shares of CEIX opened at $130.70 on Monday. The stock has a 50 day moving average price of $114.60 and a 200 day moving average price of $103.40. 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 stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 9.60 and a beta of 1.73. CONSOL Energy Inc. has a one year low of $75.43 and a one year high of $134.59.

CONSOL Energy (NYSE:CEIX) last released 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 business had revenue of $574.90 million during the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.11 earnings per share. Equities research analysts forecast that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm 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 dividend on an annualized basis and a yield of 0.77%. CONSOL Energy’s payout ratio is 7.34%.

CONSOL Energy Company 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.