State Street Corp Sells 30,547 Shares of CONSOL Energy Inc. (NYSE:CEIX)

State Street Corp lowered its position in CONSOL Energy Inc. (NYSE:CEIX) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,699,080 shares of the company’s stock after selling 30,547 shares during the quarter. State Street Corp owned about 5.78% of CONSOL Energy worth $177,809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CEIX. Mackenzie Financial Corp increased its stake in CONSOL Energy by 4.1% in the 2nd quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after acquiring an additional 109 shares during the last quarter. Evergreen Capital Management LLC increased its position in shares of CONSOL Energy by 4.0% in the second quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock worth $393,000 after purchasing an additional 147 shares during the last quarter. Empirical Finance LLC raised its stake in CONSOL Energy by 1.9% in the second quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock valued at $1,182,000 after purchasing an additional 217 shares in the last quarter. CWM LLC lifted its position in 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 purchasing an additional 220 shares during the last quarter. Finally, KBC Group NV grew its stake in CONSOL Energy by 33.2% in the 3rd quarter. KBC Group NV now owns 1,019 shares of the company’s stock worth $107,000 after buying an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

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

CONSOL Energy Stock Performance

NYSE:CEIX opened at $118.06 on Friday. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $134.59. 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 business has a 50 day moving average of $117.98 and a 200 day moving average of $104.94. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 8.67 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05. The company had revenue of $574.90 million during the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.11 EPS. On average, sell-side analysts predict that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. 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 is currently 7.34%.

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.