Citizens Financial Group Inc. RI Invests $245,000 in CONSOL Energy Inc. (NYSE:CEIX)

Citizens Financial Group Inc. RI bought a new position in shares of CONSOL Energy Inc. (NYSE:CEIX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,400 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also made changes to their positions in CEIX. Quadrant Capital Group LLC lifted its position in shares of CONSOL Energy by 41.7% during the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock worth $77,000 after purchasing an additional 226 shares during the last quarter. Independent Advisor Alliance increased its stake in shares of CONSOL Energy by 14.2% during the fourth quarter. Independent Advisor Alliance now owns 2,822 shares of the company’s stock valued at $284,000 after buying an additional 350 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of CONSOL Energy during the fourth quarter valued at $759,000. Trexquant Investment LP increased its stake in shares of CONSOL Energy by 24.5% during the fourth quarter. Trexquant Investment LP now owns 35,151 shares of the company’s stock valued at $3,534,000 after buying an additional 6,913 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of CONSOL Energy by 101.4% during the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after buying an additional 150 shares during the period. 86.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CONSOL Energy

In other CONSOL Energy news, CEO James A. Brock sold 1,700 shares of CONSOL Energy stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $99.55, for a total value of $169,235.00. Following the transaction, the chief executive officer now owns 529,487 shares in the company, valued at $52,710,430.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, B. Riley raised their price target on CONSOL Energy from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, September 6th.

CONSOL Energy Stock Performance

Shares of CONSOL Energy stock opened at $97.70 on Friday. The firm has a market cap of $2.87 billion, a P/E ratio of 5.92 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $114.30. The stock’s fifty day moving average price is $96.16 and its 200-day moving average price is $92.74.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. During the same quarter in the previous year, the firm earned $4.94 earnings per share. On average, equities research analysts expect that CONSOL Energy Inc. will post 11.54 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a yield of 0.5%. CONSOL Energy’s dividend payout ratio (DPR) is presently 1.52%.

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.