Citigroup Inc. Acquires 15,981 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Citigroup Inc. raised its stake in CONSOL Energy Inc. (NYSE:CEIX) by 53.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,604 shares of the company’s stock after acquiring an additional 15,981 shares during the period. Citigroup Inc. owned approximately 0.16% of CONSOL Energy worth $4,772,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CEIX. Mackenzie Financial Corp lifted its position in shares of CONSOL Energy by 4.1% during the 2nd quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after buying an additional 109 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of CONSOL Energy by 4.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock valued at $393,000 after purchasing an additional 147 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of CONSOL Energy by 1.9% during the 2nd quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock valued at $1,182,000 after purchasing an additional 217 shares during the last quarter. CWM LLC boosted its holdings in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after acquiring an additional 220 shares in the last quarter. Finally, KBC Group NV increased 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 in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CEIX has been the topic of a number of research reports. B. Riley boosted their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Benchmark increased their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th.

CONSOL Energy Stock Down 2.1 %

Shares of NYSE CEIX opened at $127.95 on Tuesday. The company’s 50 day moving average price is $115.22 and its 200-day moving average price is $103.68. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. CONSOL Energy Inc. has a 52-week low of $75.43 and a 52-week high of $134.59. The company has a market capitalization of $3.76 billion, a P/E ratio of 9.39 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.11 EPS. Equities analysts forecast that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy’s payout ratio is 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.