Kovitz Investment Group Partners LLC Buys 659 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Kovitz Investment Group Partners LLC grew its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,870 shares of the company’s stock after purchasing an additional 659 shares during the period. Kovitz Investment Group Partners LLC’s holdings in CONSOL Energy were worth $2,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its position in CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after purchasing an additional 469 shares during the period. Sound Income Strategies LLC bought a new position in shares of CONSOL Energy in the third quarter valued at $51,000. CWM LLC grew its holdings in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 220 shares during the last quarter. Quest Partners LLC acquired a new position in shares of CONSOL Energy during the third quarter valued at about $104,000. Finally, KBC Group NV increased its position in shares of CONSOL Energy by 33.2% during the third quarter. KBC Group NV now owns 1,019 shares of the company’s stock worth $107,000 after acquiring an additional 254 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CEIX. Benchmark lifted 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 lifted their target price on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 7th.

CONSOL Energy Stock Performance

Shares of CEIX stock opened at $116.06 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The firm has a 50-day moving average of $117.09 and a 200-day moving average of $104.63. CONSOL Energy Inc. has a one year low of $75.43 and a one year high of $134.59. The company has a market cap of $3.41 billion, a P/E ratio of 8.52 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, beating the consensus estimate of $3.17 by $0.05. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The firm had revenue of $574.90 million during the quarter, compared to analyst estimates of $554.00 million. During the same quarter last year, the business posted $3.11 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts forecast that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. CONSOL Energy’s dividend payout ratio (DPR) is currently 7.34%.

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.