Russell Investments Group Ltd. Trims Stake in CONSOL Energy Inc. (NYSE:CEIX)

Russell Investments Group Ltd. lowered its stake in CONSOL Energy Inc. (NYSE:CEIX – Get Rating) by 28.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,462 shares of the company’s stock after selling 6,274 shares during the quarter. Russell Investments Group Ltd.’s holdings in CONSOL Energy were worth $1,005,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CEIX. Financial Management Professionals Inc. purchased a new position in shares of CONSOL Energy during the 4th quarter worth $27,000. Quadrant Capital Group LLC lifted its stake in shares of CONSOL Energy by 445.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 529 shares of the company’s stock worth $34,000 after purchasing an additional 432 shares during the period. IFP Advisors Inc lifted its stake in shares of CONSOL Energy by 123.3% during the 3rd quarter. IFP Advisors Inc now owns 574 shares of the company’s stock worth $40,000 after purchasing an additional 317 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of CONSOL Energy during the 3rd quarter worth $42,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of CONSOL Energy by 10.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,677 shares of the company’s stock worth $101,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and issued a $80.00 target price on shares of CONSOL Energy in a research report on Monday, March 27th.

Insider Activity

In other news, CAO John Rothka sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $64.34, for a total transaction of $128,680.00. Following the completion of the sale, the chief accounting officer now directly owns 14,245 shares in the company, valued at $916,523.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.49% of the company’s stock.

CONSOL Energy Trading Down 1.1 %

Shares of CEIX opened at $57.88 on Friday. The stock’s fifty day simple moving average is $58.97 and its 200 day simple moving average is $61.03. The company has a current ratio of 1.38, a quick ratio of 1.17 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.01 billion, a P/E ratio of 2.93 and a beta of 1.85. CONSOL Energy Inc. has a twelve month low of $40.20 and a twelve month high of $79.17.

CONSOL Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Monday, May 15th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, May 12th. This represents a $4.40 annualized dividend and a dividend yield of 7.60%. CONSOL Energy’s dividend payout ratio is presently 22.30%.

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.