The Manufacturers Life Insurance Company decreased its holdings in CONSOL Energy Inc. (NYSE:CEIX – Free Report) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,944 shares of the company’s stock after selling 169 shares during the period. The Manufacturers Life Insurance Company’s holdings in CONSOL Energy were worth $1,669,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Samlyn Capital LLC purchased a new stake in CONSOL Energy in the 2nd quarter worth $36,033,000. Royce & Associates LP increased its holdings in shares of CONSOL Energy by 141.5% in the third 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 during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of CONSOL Energy in the third quarter worth about $3,619,000. Intech Investment Management LLC boosted its stake 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 buying an additional 4,575 shares during the last quarter. Finally, Hourglass Capital LLC boosted its stake in CONSOL Energy by 41.3% during the third quarter. Hourglass Capital LLC now owns 47,120 shares of the company’s stock valued at $4,931,000 after buying an additional 13,770 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.
Wall Street Analysts Forecast Growth
CEIX has been the topic of several recent research reports. B. Riley upped their price objective on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Benchmark upped their price target on shares of CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th.
CONSOL Energy Trading Down 0.9 %
CEIX opened at $116.06 on Tuesday. The stock has a 50-day moving average of $117.09 and a 200 day moving average of $104.63. 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 12 month low of $75.43 and a 12 month high of $134.59. The firm has a market cap of $3.41 billion, a P/E ratio of 8.52 and a beta of 1.76.
CONSOL Energy (NYSE:CEIX – Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. The firm had revenue of $574.90 million during the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.11 EPS. As a group, research analysts forecast that CONSOL Energy Inc. will post 11.57 EPS for the current year.
CONSOL Energy Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.86%. 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.
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