Verition Fund Management LLC Buys Shares of 5,163 CONSOL Energy Inc. (NYSE:CEIX)

Verition Fund Management LLC purchased a new position in CONSOL Energy Inc. (NYSE:CEIX) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 5,163 shares of the company’s stock, valued at approximately $540,000.

A number of other large investors have also made changes to their positions in CEIX. CWM LLC raised its position in shares of CONSOL Energy by 70.7% in the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 220 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of CONSOL Energy by 2,931.3% during the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after buying an additional 469 shares during the period. Hennessy Advisors Inc. grew its holdings in shares of CONSOL Energy by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company’s stock valued at $28,466,000 after buying an additional 42,800 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of CONSOL Energy during the second quarter valued at $311,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CONSOL Energy by 22.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,417 shares of the company’s stock valued at $553,000 after acquiring an additional 978 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

CONSOL Energy Stock Up 1.0 %

CONSOL Energy stock opened at $117.06 on Thursday. The business’s 50-day moving average price is $117.67 and its 200 day moving average price is $104.85. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 8.59 and a beta of 1.76. CONSOL Energy Inc. has a 52 week low of $75.43 and a 52 week high of $134.59.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Tuesday, November 5th. The company reported $3.22 EPS 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 firm had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $554.00 million. During the same period last year, the firm earned $3.11 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, sell-side analysts anticipate that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. CONSOL Energy’s dividend payout ratio (DPR) is presently 7.34%.

Wall Street Analyst Weigh In

CEIX has been the topic of several research analyst reports. Benchmark boosted their price target on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th. B. Riley increased their price target on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Company 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.