Algert Global LLC Cuts Stake in CONSOL Energy Inc. (NYSE:CEIX)

Algert Global LLC lessened its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,980 shares of the company’s stock after selling 140 shares during the period. Algert Global LLC’s holdings in CONSOL Energy were worth $304,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CEIX. Mackenzie Financial Corp boosted its holdings in CONSOL Energy by 4.1% in the second quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock valued at $284,000 after purchasing an additional 109 shares during the period. Maverick Capital Ltd. boosted its stake in shares of CONSOL Energy by 49.1% in the 2nd quarter. Maverick Capital Ltd. now owns 14,095 shares of the company’s stock valued at $1,438,000 after buying an additional 4,639 shares during the period. AQR Capital Management LLC boosted its stake in shares of CONSOL Energy by 8.7% in the 2nd quarter. AQR Capital Management LLC now owns 60,957 shares of the company’s stock valued at $6,219,000 after buying an additional 4,897 shares during the period. Caxton Associates LP acquired a new position in shares of CONSOL Energy during the second quarter worth about $408,000. Finally, Samlyn Capital LLC purchased a new stake in shares of CONSOL Energy during the second quarter worth approximately $36,033,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

CONSOL Energy Stock Performance

NYSE:CEIX opened at $105.65 on Wednesday. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $114.30. 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 firm has a market capitalization of $3.10 billion, a PE ratio of 6.41 and a beta of 1.73. The business’s fifty day moving average price is $96.83 and its 200 day moving average price is $94.36.

CONSOL Energy (NYSE:CEIX) last released 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 business had revenue of $501.10 million for the quarter, compared to the consensus estimate 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 posted $4.94 EPS. On average, sell-side analysts anticipate that CONSOL Energy Inc. will post 11.54 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

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

Analysts Set New Price Targets

Separately, B. Riley lifted their price target on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday.

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.