Dynamic Technology Lab Private Ltd Buys New Position in CONSOL Energy Inc. (NYSE:CEIX)

Dynamic Technology Lab Private Ltd purchased a new stake in CONSOL Energy Inc. (NYSE:CEIX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,216 shares of the company’s stock, valued at approximately $232,000.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. raised its position in shares of CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after purchasing an additional 469 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of CONSOL Energy in the third quarter worth $51,000. CWM LLC lifted its stake in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after buying an additional 220 shares during the period. GAMMA Investing LLC grew 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 buying an additional 309 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of CONSOL Energy during the third quarter valued at $104,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

CONSOL Energy Stock Down 0.5 %

NYSE:CEIX opened at $130.70 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The company’s fifty day moving average price is $114.60 and its 200-day moving average price is $103.40. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $134.59. The firm has a market capitalization of $3.84 billion, a P/E ratio of 9.60 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.05. The company had revenue of $574.90 million for 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 revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $3.11 EPS. As a group, equities research analysts anticipate that CONSOL Energy Inc. will post 11.57 EPS for the current year.

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors 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 was Friday, November 15th. CONSOL Energy’s dividend payout ratio is currently 7.34%.

Wall Street Analyst Weigh In

CEIX has been the subject of a number of research reports. Benchmark lifted their price target on 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 raised their price objective on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 7th.

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.