Great Lakes Advisors LLC Lowers Stock Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Great Lakes Advisors LLC lessened its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 2.6% in the second quarter, Holdings Channel.com reports. The fund owned 199,410 shares of the company’s stock after selling 5,367 shares during the quarter. Great Lakes Advisors LLC’s holdings in CONSOL Energy were worth $20,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CEIX. Parallel Advisors LLC boosted its holdings in CONSOL Energy by 101.4% in the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after acquiring an additional 150 shares during the period. Empirical Finance LLC boosted its holdings in shares of CONSOL Energy by 1.9% in the 2nd quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock valued at $1,182,000 after buying an additional 217 shares during the period. CWM LLC raised its position in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after purchasing an additional 220 shares during the period. Quadrant Capital Group LLC increased its position in CONSOL Energy by 41.7% in the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock worth $77,000 after buying an additional 226 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in CONSOL Energy in the 4th quarter valued at about $28,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price target on CONSOL Energy from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Friday.

Insider Activity at CONSOL Energy

In other CONSOL Energy news, CEO James A. Brock sold 1,700 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $99.55, for a total transaction of $169,235.00. Following the sale, the chief executive officer now owns 529,487 shares of the company’s stock, valued at approximately $52,710,430.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

CONSOL Energy Stock Down 2.0 %

NYSE:CEIX traded down $1.84 during trading hours on Friday, hitting $91.40. 497,319 shares of the company’s stock traded hands, compared to its average volume of 490,267. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55. The firm has a market cap of $2.69 billion, a P/E ratio of 5.54 and a beta of 1.77. The stock’s fifty day moving average price is $97.59 and its two-hundred day moving average price is $92.00. CONSOL Energy Inc. has a twelve month low of $75.43 and a twelve month high of $114.30.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.68. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The business had revenue of $501.10 million during the quarter, compared to analyst estimates of $429.90 million. During the same quarter in the previous year, the business earned $4.94 EPS. On average, research analysts expect that CONSOL Energy Inc. will post 11.46 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. This represents a dividend yield of 0.5%. The ex-dividend date is Friday, August 30th. CONSOL Energy’s payout ratio is 1.52%.

About CONSOL Energy

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.