Mutual of America Capital Management LLC Has $421,000 Position in CONSOL Energy Inc. (NYSE:CEIX)

Mutual of America Capital Management LLC trimmed its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,023 shares of the company’s stock after selling 325 shares during the period. Mutual of America Capital Management LLC’s holdings in CONSOL Energy were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of CONSOL Energy by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock worth $214,602,000 after purchasing an additional 125,087 shares during the last quarter. American Century Companies Inc. increased its position 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 valued at $62,370,000 after acquiring an additional 38,669 shares during the last quarter. Samlyn Capital LLC purchased a new stake in shares of CONSOL Energy during the second quarter valued at approximately $36,033,000. Hennessy Advisors Inc. lifted its holdings in CONSOL Energy by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company’s stock worth $28,466,000 after acquiring an additional 42,800 shares during the period. Finally, Victory Capital Management Inc. boosted its position in CONSOL Energy by 578.7% in the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock worth $27,746,000 after purchasing an additional 226,069 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

CONSOL Energy Stock Down 0.8 %

CEIX stock opened at $131.49 on Thursday. The stock has a 50-day simple moving average of $112.51 and a two-hundred day simple moving average of $102.49. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.86 billion, a PE ratio of 9.79 and a beta of 1.73. CONSOL Energy Inc. has a twelve month low of $75.43 and a twelve month high of $134.59.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.17 by $0.05. The business had revenue of $574.90 million during the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $3.11 earnings per share. On average, equities analysts predict that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.76%. CONSOL Energy’s dividend payout ratio (DPR) is presently 7.34%.

Wall Street Analyst Weigh In

Several brokerages have commented on CEIX. Benchmark lifted their price objective on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. B. Riley increased their price target on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 7th.

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.