Illinois Municipal Retirement Fund Increases Stock Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Illinois Municipal Retirement Fund grew its position in CONSOL Energy Inc. (NYSE:CEIX) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,711 shares of the company’s stock after acquiring an additional 224 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in CONSOL Energy were worth $1,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in shares of CONSOL Energy by 866.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock valued at $49,000 after purchasing an additional 416 shares in the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of CONSOL Energy during the 3rd quarter valued at about $50,000. CI Investments Inc. purchased a new stake in shares of CONSOL Energy during the 3rd quarter valued at about $182,000. Xponance Inc. purchased a new stake in shares of CONSOL Energy during the 3rd quarter valued at about $208,000. Finally, Journey Strategic Wealth LLC purchased a new stake in shares of CONSOL Energy during the 3rd quarter valued at about $216,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley dropped their target price on CONSOL Energy from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th.

CONSOL Energy Stock Performance

Shares of NYSE:CEIX opened at $85.77 on Friday. The company has a market cap of $2.54 billion, a P/E ratio of 4.36 and a beta of 1.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.35. CONSOL Energy Inc. has a one year low of $53.40 and a one year high of $114.30. The business’s 50-day simple moving average is $83.98 and its 200 day simple moving average is $93.79.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $5.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.28 by $0.77. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. The company had revenue of $649.90 million for the quarter, compared to the consensus estimate of $608.90 million. During the same period in the previous year, the business earned $3.89 EPS. CONSOL Energy’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that CONSOL Energy Inc. will post 11.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $94.56, for a total transaction of $189,120.00. Following the sale, the chief accounting officer now directly owns 13,108 shares in the company, valued at approximately $1,239,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

CONSOL Energy 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.