CONSOL Energy Inc. (NYSE:CEIX) Position Reduced by Comerica Bank

Comerica Bank cut its position in shares of CONSOL Energy Inc. (NYSE:CEIXGet Rating) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 25,045 shares of the company’s stock after selling 2,150 shares during the quarter. Comerica Bank’s holdings in CONSOL Energy were worth $1,566,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Texas Permanent School Fund boosted its stake in CONSOL Energy by 1.8% during the third quarter. Texas Permanent School Fund now owns 23,576 shares of the company’s stock valued at $1,516,000 after buying an additional 426 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of CONSOL Energy in the 3rd quarter worth approximately $1,010,000. Pacer Advisors Inc. raised its holdings in shares of CONSOL Energy by 43.5% in the 3rd quarter. Pacer Advisors Inc. now owns 258,796 shares of the company’s stock worth $16,646,000 after purchasing an additional 78,392 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in CONSOL Energy in the third quarter worth approximately $365,000. Finally, National Bank of Canada FI acquired a new position in CONSOL Energy in the third quarter worth approximately $57,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James A. Brock sold 500 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $78.20, for a total value of $39,100.00. Following the transaction, the chief executive officer now directly owns 473,020 shares in the company, valued at approximately $36,990,164. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CONSOL Energy news, CEO James A. Brock sold 12,500 shares of the stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $75.33, for a total value of $941,625.00. Following the completion of the sale, the chief executive officer now directly owns 476,834 shares of the company’s stock, valued at approximately $35,919,905.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James A. Brock sold 500 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $78.20, for a total transaction of $39,100.00. Following the transaction, the chief executive officer now directly owns 473,020 shares of the company’s stock, valued at approximately $36,990,164. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CEIX. Benchmark upped their target price on CONSOL Energy from $72.00 to $80.00 in a report on Wednesday, November 2nd. B. Riley dropped their target price on shares of CONSOL Energy from $85.00 to $84.00 in a research report on Tuesday, January 17th.

CONSOL Energy Stock Performance

Shares of NYSE CEIX opened at $62.67 on Friday. The company has a market capitalization of $2.19 billion, a P/E ratio of 5.72 and a beta of 1.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 0.94. CONSOL Energy Inc. has a one year low of $19.11 and a one year high of $79.17. The business’s 50-day moving average price is $66.23 and its two-hundred day moving average price is $65.19.

CONSOL Energy (NYSE:CEIXGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). CONSOL Energy had a return on equity of 41.36% and a net margin of 20.11%. The business had revenue of $561.64 million during the quarter, compared to the consensus estimate of $463.60 million. Analysts anticipate that CONSOL Energy Inc. will post 11.44 earnings per share for the current fiscal year.

CONSOL Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Monday, November 14th were issued a dividend of $1.05 per share. The ex-dividend date was Thursday, November 10th. This represents a $4.20 annualized dividend and a yield of 6.70%. CONSOL Energy’s dividend payout ratio (DPR) is presently 38.32%.

CONSOL Energy Company Profile

(Get Rating)

CONSOL Energy Inc engages in the production of bituminous coal. It focuses on the extraction and preparation of coal in the Appalachian basin. The firm operates through the following segments: PAMC and CONSOL Marine Terminal. The PAMC segment includes mining, preparation and marketing of thermal coal.

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Institutional Ownership by Quarter for CONSOL Energy (NYSE:CEIX)

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