Pacer Advisors Inc. Cuts Stock Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Pacer Advisors Inc. reduced its position in CONSOL Energy Inc. (NYSE:CEIX) by 10.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,837,072 shares of the company’s stock after selling 209,655 shares during the period. Pacer Advisors Inc. owned about 6.25% of CONSOL Energy worth $187,436,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of 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 purchasing an additional 150 shares in the last quarter. Empirical Finance LLC increased its holdings in CONSOL Energy by 1.9% in the 2nd quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock worth $1,182,000 after buying an additional 217 shares in the last quarter. CWM LLC raised its position in CONSOL Energy by 70.7% in the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after buying an additional 220 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in CONSOL Energy by 41.7% during the 4th quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock valued at $77,000 after acquiring an additional 226 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in CONSOL Energy by 8.5% during the 2nd quarter. Hsbc Holdings PLC now owns 3,790 shares of the company’s stock valued at $384,000 after acquiring an additional 296 shares during the period. 86.54% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction of $169,235.00. Following the completion of the sale, the chief executive officer now directly owns 529,487 shares of the company’s stock, valued at $52,710,430.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.

CONSOL Energy Price Performance

Shares of CEIX opened at $97.33 on Friday. The firm has a fifty day simple moving average of $96.08 and a two-hundred day simple moving average of $92.79. The firm has a market cap of $2.86 billion, a PE ratio of 5.90 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $114.30.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.68. The company had revenue of $501.10 million during the quarter, compared to analysts’ expectations of $429.90 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. During the same quarter in the prior year, the business earned $4.94 earnings per share. On average, equities analysts anticipate that CONSOL Energy Inc. will post 11.54 EPS for the current year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed 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 was Friday, August 30th. CONSOL Energy’s dividend payout ratio (DPR) is presently 1.52%.

Analyst Ratings Changes

Separately, B. Riley lifted 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.

CONSOL Energy 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.