Seven Eight Capital LP Sells 17,386 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Seven Eight Capital LP lessened its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 67.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,576 shares of the company’s stock after selling 17,386 shares during the period. Seven Eight Capital LP’s holdings in CONSOL Energy were worth $875,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CEIX. Vanguard Group Inc. grew its stake in shares of CONSOL Energy by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock worth $214,602,000 after acquiring an additional 125,087 shares during the last quarter. American Century Companies Inc. boosted its stake in CONSOL Energy by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock worth $62,370,000 after purchasing an additional 38,669 shares in the last quarter. First Trust Advisors LP grew its position in CONSOL Energy by 8.5% during the 4th quarter. First Trust Advisors LP now owns 312,233 shares of the company’s stock valued at $31,389,000 after purchasing an additional 24,529 shares during the last quarter. Hennessy Advisors Inc. increased its stake in CONSOL Energy by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company’s stock valued at $28,466,000 after purchasing an additional 42,800 shares in the last quarter. Finally, Gendell Jeffrey L raised its holdings in CONSOL Energy by 32.4% in the first quarter. Gendell Jeffrey L now owns 185,355 shares of the company’s stock worth $15,525,000 after buying an additional 45,355 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Insider Buying and Selling

In other CONSOL Energy news, CEO James A. Brock sold 1,700 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $99.55, for a total transaction of $169,235.00. Following the completion of the sale, the chief executive officer now directly owns 529,487 shares in the company, valued at approximately $52,710,430.85. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.

CONSOL Energy Stock Down 0.4 %

CEIX stock opened at $97.33 on Friday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 5.90 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $114.30. The business has a fifty day moving average price of $96.08 and a 200-day moving average price of $92.79.

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

CONSOL Energy Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.