Fortitude Family Office LLC Has $28,000 Stock Position in CONSOL Energy Inc. (NYSE:CEIX)

Fortitude Family Office LLC grew its stake in CONSOL Energy Inc. (NYSE:CEIX) by 63.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 267 shares of the company’s stock after purchasing an additional 104 shares during the quarter. Fortitude Family Office LLC’s holdings in CONSOL Energy were worth $28,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Commonwealth Equity Services LLC bought a new position in CONSOL Energy during the second quarter worth about $230,000. Caprock Group LLC acquired a new stake in shares of CONSOL Energy in the second quarter valued at approximately $228,000. Choreo LLC bought a new position in shares of CONSOL Energy during the 2nd quarter worth approximately $209,000. Texas Permanent School Fund Corp increased its holdings in shares of CONSOL Energy by 45.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 33,849 shares of the company’s stock worth $3,454,000 after acquiring an additional 10,532 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in CONSOL Energy by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock valued at $62,370,000 after acquiring an additional 38,669 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Benchmark lifted their price objective on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. B. Riley upped their price target 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.

CONSOL Energy Stock Performance

NYSE:CEIX opened at $100.86 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $117.60 and a 200 day simple moving average of $106.15. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $134.59. The stock has a market cap of $2.96 billion, a P/E ratio of 7.41 and a beta of 1.80.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, beating 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 business had revenue of $574.90 million for the quarter, compared to the consensus estimate of $554.00 million. During the same period in the prior year, the company posted $3.11 earnings per share. CONSOL Energy’s revenue was up .9% compared to the same quarter last year. Research analysts anticipate that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. CONSOL Energy’s payout ratio is 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.