Captrust Financial Advisors Decreases Stake in CONSOL Energy Inc. (NYSE:CEIX)

Captrust Financial Advisors cut its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,268 shares of the company’s stock after selling 90 shares during the quarter. Captrust Financial Advisors’ holdings in CONSOL Energy were worth $237,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after acquiring an additional 469 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of CONSOL Energy in the third quarter worth about $51,000. CWM LLC boosted its position in shares of CONSOL Energy by 70.7% in 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. Quest Partners LLC purchased a new position in CONSOL Energy in the third quarter valued at about $104,000. Finally, KBC Group NV boosted its holdings in CONSOL Energy by 33.2% in the third quarter. KBC Group NV now owns 1,019 shares of the company’s stock valued at $107,000 after purchasing an additional 254 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. B. Riley increased their target price on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Benchmark lifted their target price on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th.

CONSOL Energy Stock Down 1.3 %

Shares of CEIX stock opened at $116.48 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The stock has a market cap of $3.42 billion, a PE ratio of 8.55 and a beta of 1.76. The business’s fifty day moving average is $118.23 and its 200-day moving average is $105.19. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $134.59.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. The business had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.11 EPS. Equities analysts expect that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. CONSOL Energy’s dividend payout ratio (DPR) is presently 7.34%.

CONSOL Energy 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.