CONSOL Energy Inc. (NYSE:CEIX) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,113 shares of the company’s stock after selling 286 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of CONSOL Energy worth $1,644,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in CONSOL Energy by 21.0% during the fourth quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock worth $244,994,000 after buying an additional 423,338 shares in the last quarter. Samlyn Capital LLC purchased a new position in CONSOL Energy during the second quarter worth $36,033,000. Barlow Wealth Partners Inc. purchased a new position in CONSOL Energy during the second quarter worth $13,645,000. Jupiter Asset Management Ltd. purchased a new position in CONSOL Energy during the first quarter worth $10,832,000. Finally, BNP Paribas Financial Markets grew its position in shares of CONSOL Energy by 246.1% in the first quarter. BNP Paribas Financial Markets now owns 129,352 shares of the company’s stock valued at $10,835,000 after purchasing an additional 91,974 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, B. Riley lifted their price objective on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday.

CONSOL Energy Price Performance

Shares of CONSOL Energy stock opened at $109.30 on Friday. CONSOL Energy Inc. has a twelve month low of $75.43 and a twelve month high of $114.30. The stock has a market capitalization of $3.21 billion, a P/E ratio of 6.63 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. The business’s fifty day moving average price is $97.22 and its 200 day moving average price is $94.55.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $429.90 million. During the same quarter in the previous year, the firm posted $4.94 earnings per share. As a group, research analysts anticipate that CONSOL Energy Inc. will post 11.54 earnings per share for the current year.

CONSOL Energy Cuts Dividend

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

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.