Independent Advisor Alliance Lowers Position in CONSOL Energy Inc. (NYSE:CEIX)

Independent Advisor Alliance lessened its stake in CONSOL Energy Inc. (NYSE:CEIX) by 41.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,962 shares of the company’s stock after selling 6,434 shares during the quarter. Independent Advisor Alliance’s holdings in CONSOL Energy were worth $938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of CEIX. Blue Trust Inc. lifted its position in shares of CONSOL Energy by 2,931.3% during the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after buying an additional 469 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of CONSOL Energy during the 3rd quarter valued at approximately $51,000. CWM LLC lifted its position in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 220 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of CONSOL Energy by 54.1% during the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after buying an additional 309 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of CONSOL Energy during the 3rd quarter valued at approximately $104,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

CEIX has been the topic of a number of research reports. B. Riley raised their price objective on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th. Benchmark raised their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th.

CONSOL Energy Trading Down 0.8 %

Shares of CEIX stock opened at $131.49 on Thursday. The stock’s fifty day moving average is $112.51 and its two-hundred day moving average is $102.49. 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 firm has a market capitalization of $3.86 billion, a P/E ratio of 9.65 and a beta of 1.73. CONSOL Energy Inc. has a fifty-two week low of $75.43 and a fifty-two week high of $134.59.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. During the same quarter last year, the firm posted $3.11 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts expect that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is presently 7.34%.

CONSOL Energy 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.