CONSOL Energy Inc. (NYSE:CEIX) Short Interest Down 10.2% in September

CONSOL Energy Inc. (NYSE:CEIX) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,580,000 shares, a decrease of 10.2% from the August 31st total of 1,760,000 shares. Based on an average daily volume of 460,900 shares, the short-interest ratio is presently 3.4 days. Approximately 5.5% of the company’s shares are short sold.

Hedge Funds Weigh In On CONSOL Energy

Several hedge funds have recently added to or reduced their stakes in CEIX. Parallel Advisors LLC increased its stake in CONSOL Energy by 101.4% in the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after acquiring an additional 469 shares during the period. CWM LLC boosted its holdings in shares of 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 period. EntryPoint Capital LLC acquired a new stake in shares of CONSOL Energy in the first quarter valued at approximately $56,000. Finally, GAMMA Investing LLC boosted its holdings in shares of CONSOL Energy by 54.1% in the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after acquiring an additional 309 shares during the period. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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.

CONSOL Energy Trading Up 0.2 %

NYSE:CEIX traded up $0.20 on Friday, reaching $104.33. 370,038 shares of the company’s stock were exchanged, compared to its average volume of 485,452. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 6.33 and a beta of 1.72. The business has a fifty day moving average of $95.96 and a 200-day moving average of $93.16. CONSOL Energy has a 52-week low of $75.43 and a 52-week high of $114.30.

CONSOL Energy (NYSE:CEIX) last released its 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 firm had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. During the same period in the prior year, the firm earned $4.94 earnings per share. As a group, analysts expect that CONSOL Energy will post 11.54 earnings per share for the current year.

CONSOL Energy Cuts Dividend

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