Resolute Capital Asset Partners LLC Invests $3.06 Million in CONSOL Energy Inc. (NYSE:CEIX)

Resolute Capital Asset Partners LLC acquired a new position in CONSOL Energy Inc. (NYSE:CEIX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 30,000 shares of the company’s stock, valued at approximately $3,061,000. CONSOL Energy makes up 1.8% of Resolute Capital Asset Partners LLC’s holdings, making the stock its 21st largest holding. Resolute Capital Asset Partners LLC owned 0.10% of CONSOL Energy as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CEIX. Parallel Advisors LLC grew its stake 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 buying an additional 150 shares in the last quarter. Blue Trust Inc. grew its position in CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after acquiring an additional 469 shares in the last quarter. CWM LLC increased its stake in CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after acquiring an additional 220 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in CONSOL Energy during the first quarter valued at about $56,000. Finally, Quadrant Capital Group LLC raised its position in CONSOL Energy by 41.7% during the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock valued at $77,000 after purchasing an additional 226 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Insider Activity at CONSOL Energy

In other CONSOL Energy news, CEO James A. Brock sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was 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 in the company, valued at $52,710,430.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, B. Riley increased their price objective on CONSOL Energy from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, September 6th.

CONSOL Energy Trading Down 1.4 %

CEIX stock opened at $94.40 on Thursday. The company has a market capitalization of $2.77 billion, a PE ratio of 5.72 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55. CONSOL Energy Inc. has a one year low of $75.43 and a one year high of $114.30. The company’s 50 day moving average price is $96.22 and its two-hundred day moving average price is $92.70.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Thursday, August 8th. The company reported $1.96 EPS 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 company had revenue of $501.10 million for the quarter, compared to analysts’ expectations of $429.90 million. During the same quarter last year, the company earned $4.94 EPS. As a group, analysts predict that CONSOL Energy Inc. will post 11.54 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

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

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.