Gendell Jeffrey L Buys 78,247 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Gendell Jeffrey L increased its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 77.4% during the first quarter, HoldingsChannel reports. The fund owned 179,366 shares of the company’s stock after buying an additional 78,247 shares during the period. CONSOL Energy comprises about 1.0% of Gendell Jeffrey L’s investment portfolio, making the stock its 17th largest position. Gendell Jeffrey L’s holdings in CONSOL Energy were worth $10,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CEIX. Pacer Advisors Inc. lifted its holdings in shares of CONSOL Energy by 74.5% in the first quarter. Pacer Advisors Inc. now owns 694,340 shares of the company’s stock valued at $40,459,000 after purchasing an additional 296,337 shares in the last quarter. Tejara Capital Ltd acquired a new position in CONSOL Energy during the 4th quarter worth approximately $17,904,000. Millennium Management LLC boosted its position in CONSOL Energy by 104.1% during the 4th quarter. Millennium Management LLC now owns 473,417 shares of the company’s stock worth $30,772,000 after acquiring an additional 241,517 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CONSOL Energy by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,226,516 shares of the company’s stock worth $143,209,000 after acquiring an additional 223,987 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of CONSOL Energy by 42.6% in the first quarter. Invesco Ltd. now owns 603,368 shares of the company’s stock valued at $22,704,000 after purchasing an additional 180,339 shares during the last quarter. 87.63% of the stock is owned by institutional investors.

CONSOL Energy Stock Performance

CEIX opened at $92.85 on Friday. The business’s 50-day simple moving average is $76.74 and its 200 day simple moving average is $65.38. CONSOL Energy Inc. has a 52-week low of $49.35 and a 52-week high of $94.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.16 and a current ratio of 1.40. The firm has a market capitalization of $2.97 billion, a PE ratio of 4.39 and a beta of 1.84.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $4.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.51. The company had revenue of $660.97 million for the quarter, compared to analysts’ expectations of $588.20 million. CONSOL Energy had a return on equity of 53.65% and a net margin of 29.17%. As a group, sell-side analysts expect that CONSOL Energy Inc. will post 20.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley decreased their target price on shares of CONSOL Energy from $84.00 to $81.00 in a research report on Monday, June 26th.

Insiders Place Their Bets

In other news, General Counsel Martha A. Wiegand sold 10,000 shares of CONSOL Energy stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $80.33, for a total value of $803,300.00. Following the completion of the transaction, the general counsel now owns 38,843 shares of the company’s stock, valued at approximately $3,120,258.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, General Counsel Martha A. Wiegand sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $80.33, for a total value of $803,300.00. Following the completion of the sale, the general counsel now directly owns 38,843 shares of the company’s stock, valued at $3,120,258.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kurt R. Salvatori sold 6,097 shares of CONSOL Energy stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $80.24, for a total value of $489,223.28. Following the transaction, the insider now owns 10,498 shares of the company’s stock, valued at $842,359.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,886 shares of company stock valued at $1,999,981. 2.49% of the stock is currently owned by corporate insiders.

About CONSOL Energy

CONSOL Energy Inc produces and exports bituminous coal in the United States. It operates through Pennsylvania Mining Complex and CONSOL Marine Terminal segment. The company's Pennsylvania Mining Complex segment engages in mining, preparation, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.