Thrivent Financial for Lutherans Cuts Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Thrivent Financial for Lutherans trimmed its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,005 shares of the company’s stock after selling 952 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of CONSOL Energy worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of CONSOL Energy by 14.7% during the 3rd quarter. Empowered Funds LLC now owns 100,288 shares of the company’s stock valued at $10,495,000 after buying an additional 12,882 shares during the period. Royce & Associates LP raised its holdings in CONSOL Energy by 141.5% in the 3rd quarter. Royce & Associates LP now owns 10,695 shares of the company’s stock worth $1,119,000 after purchasing an additional 6,266 shares during the period. KBC Group NV raised its holdings in CONSOL Energy by 33.2% in the 3rd quarter. KBC Group NV now owns 1,019 shares of the company’s stock worth $107,000 after purchasing an additional 254 shares during the period. Hourglass Capital LLC raised its holdings in CONSOL Energy by 41.3% in the 3rd quarter. Hourglass Capital LLC now owns 47,120 shares of the company’s stock worth $4,931,000 after purchasing an additional 13,770 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in CONSOL Energy by 578.7% in the 3rd 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 period. 86.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Benchmark increased their price target on CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. B. Riley lifted their target price on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Trading Down 0.8 %

NYSE CEIX opened at $131.49 on Thursday. The stock has a market cap of $3.86 billion, a PE ratio of 9.65 and a beta of 1.73. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $134.59. The company’s 50-day moving average price is $112.51 and its 200-day moving average price is $102.49. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

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

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.76%. CONSOL Energy’s dividend payout ratio is presently 7.34%.

About CONSOL Energy

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.