Federated Hermes Inc. Has $11.26 Million Stake in CONSOL Energy Inc. (NYSE:CEIX)

Federated Hermes Inc. trimmed its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,341 shares of the company’s stock after selling 1,453 shares during the period. Federated Hermes Inc. owned approximately 0.38% of CONSOL Energy worth $11,258,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. BOKF NA acquired a new position in shares of CONSOL Energy during the second quarter worth approximately $509,000. American Century Companies Inc. raised its stake in shares of CONSOL Energy by 6.8% during the second quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock worth $62,370,000 after buying an additional 38,669 shares during the last quarter. VitalStone Financial LLC bought a new stake in shares of CONSOL Energy during the second quarter worth approximately $349,000. Texas Permanent School Fund Corp raised its stake in shares of CONSOL Energy by 45.2% during the second quarter. Texas Permanent School Fund Corp now owns 33,849 shares of the company’s stock worth $3,454,000 after buying an additional 10,532 shares during the last quarter. Finally, Choreo LLC bought a new stake in shares of CONSOL Energy during the second quarter worth approximately $209,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CONSOL Energy

In other CONSOL Energy news, CEO James A. Brock sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $99.55, for a total value of $169,235.00. Following the completion of the sale, the chief executive officer now owns 529,487 shares of the company’s stock, valued at $52,710,430.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

CONSOL Energy Trading Up 0.7 %

CEIX opened at $97.04 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 5.88 and a beta of 1.72. The firm has a 50 day simple moving average of $96.39 and a 200 day simple moving average of $92.64. CONSOL Energy Inc. has a fifty-two week low of $75.43 and a fifty-two week high of $114.30.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $429.90 million. During the same period in the previous year, the firm posted $4.94 earnings per share. On average, sell-side analysts anticipate that CONSOL Energy Inc. will post 11.54 earnings per share for the current 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 paid 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 payout ratio is presently 1.52%.

Analysts Set New Price Targets

Separately, B. Riley boosted their price target on shares of CONSOL Energy from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, September 6th.

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.