Quest Partners LLC Makes New $104,000 Investment in CONSOL Energy Inc. (NYSE:CEIX)

Quest Partners LLC acquired a new position in CONSOL Energy Inc. (NYSE:CEIX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 997 shares of the company’s stock, valued at approximately $104,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in CONSOL Energy by 2,931.3% during the 2nd 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. Sound Income Strategies LLC acquired a new position in CONSOL Energy in the 3rd quarter worth about $51,000. CWM LLC raised its holdings 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 purchasing an additional 220 shares during the period. GAMMA Investing LLC raised its holdings in shares of CONSOL Energy by 54.1% during 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 last quarter. Finally, KBC Group NV raised its holdings in shares of CONSOL Energy by 33.2% during the third quarter. KBC Group NV now owns 1,019 shares of the company’s stock valued at $107,000 after acquiring an additional 254 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Down 0.5 %

Shares of CONSOL Energy stock opened at $130.70 on Friday. The company has a fifty day moving average price of $113.93 and a 200 day moving average price of $102.89. 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 Inc. has a twelve month low of $75.43 and a twelve month high of $134.59. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 9.60 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. The firm had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. CONSOL Energy’s revenue was up .9% on a year-over-year basis. During the same quarter last 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 fiscal year.

CONSOL Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy’s payout ratio is 7.34%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. B. Riley increased their price objective on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Benchmark lifted their target price on CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 18th.

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.