Inspire Advisors LLC Has $643,000 Stock Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Inspire Advisors LLC lifted its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 40.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,149 shares of the company’s stock after buying an additional 1,774 shares during the quarter. Inspire Advisors LLC’s holdings in CONSOL Energy were worth $643,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Creative Planning increased its position in CONSOL Energy by 31.3% during the third quarter. Creative Planning now owns 5,208 shares of the company’s stock worth $545,000 after acquiring an additional 1,242 shares during the period. CX Institutional bought a new position in CONSOL Energy during the third quarter worth about $2,768,000. Sound Income Strategies LLC bought a new position in CONSOL Energy during the third quarter worth about $51,000. CHICAGO TRUST Co NA bought a new position in CONSOL Energy during the third quarter worth about $221,000. Finally, Exchange Traded Concepts LLC increased its position in CONSOL Energy by 182.9% during the third quarter. Exchange Traded Concepts LLC now owns 15,144 shares of the company’s stock worth $1,585,000 after acquiring an additional 9,791 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

CONSOL Energy Price Performance

CEIX stock opened at $107.46 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $114.30. The firm has a market cap of $3.16 billion, a P/E ratio of 6.52 and a beta of 1.73. The company’s 50-day moving average price is $99.34 and its two-hundred day moving average price is $95.62.

CONSOL Energy (NYSE:CEIX) last released its earnings results on Thursday, August 8th. The company reported $1.96 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 firm had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. During the same period last year, the firm earned $4.94 EPS. On average, analysts anticipate that CONSOL Energy Inc. will post 11.53 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.25 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy’s dividend payout ratio is currently 1.52%.

Analysts Set New Price Targets

Separately, B. Riley raised their price target on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research 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.