CONSOL Energy Inc. (NYSE:CEIX) Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP reduced its stake in CONSOL Energy Inc. (NYSE:CEIX – Get Rating) by 92.8% in the third quarter, HoldingsChannel reports. The fund owned 6,153 shares of the company’s stock after selling 78,978 shares during the quarter. Engineers Gate Manager LP’s holdings in CONSOL Energy were worth $396,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CEIX. Quadrant Capital Group LLC lifted its stake in shares of CONSOL Energy by 445.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 529 shares of the company’s stock worth $34,000 after acquiring an additional 432 shares during the period. IFP Advisors Inc raised its holdings in shares of CONSOL Energy by 123.3% in the 3rd quarter. IFP Advisors Inc now owns 574 shares of the company’s stock worth $40,000 after purchasing an additional 317 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of CONSOL Energy in the 3rd quarter worth approximately $42,000. Gladius Capital Management LP bought a new stake in shares of CONSOL Energy in the 2nd quarter worth approximately $44,000. Finally, National Bank of Canada FI bought a new stake in shares of CONSOL Energy in the 3rd quarter worth approximately $57,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO John Rothka sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $64.34, for a total transaction of $128,680.00. Following the sale, the chief accounting officer now owns 14,245 shares in the company, valued at $916,523.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by company insiders.

CONSOL Energy Stock Down 3.8 %

NYSE CEIX opened at $55.52 on Tuesday. CONSOL Energy Inc. has a 12 month low of $29.06 and a 12 month high of $79.17. The company’s 50 day simple moving average is $57.65 and its 200 day simple moving average is $64.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.33 and a quick ratio of 1.19. The company has a market capitalization of $1.93 billion, a P/E ratio of 4.25 and a beta of 1.86.

CONSOL Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Friday, February 17th were issued a dividend of $1.10 per share. The ex-dividend date was Thursday, February 16th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 7.93%. This is a positive change from CONSOL Energy’s previous quarterly dividend of $1.05. CONSOL Energy’s payout ratio is currently 33.72%.

Analysts Set New Price Targets

Separately, B. Riley dropped their target price on shares of CONSOL Energy from $85.00 to $84.00 in a report on Tuesday, January 17th.

CONSOL Energy Profile

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CONSOL Energy, Inc engages in the production of bituminous coal which focuses on the extraction and preparation of coal in the Appalachian Basin. It operates under the Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The PAMC segment includes mining, preparation, and marketing of bituminous coal sold to power generators, and industrial and metallurgical end-users.