JPMorgan Chase & Co. Has $25.42 Million Position in CONSOL Energy Inc. (NYSE:CEIX)

JPMorgan Chase & Co. increased its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 242,941 shares of the company’s stock after buying an additional 611 shares during the quarter. JPMorgan Chase & Co. owned 0.83% of CONSOL Energy worth $25,424,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of CONSOL Energy by 4.4% in the third quarter. Geode Capital Management LLC now owns 751,044 shares of the company’s stock valued at $78,609,000 after purchasing an additional 31,310 shares during the last quarter. FMR LLC grew its position in CONSOL Energy by 266.2% in the third quarter. FMR LLC now owns 41,874 shares of the company’s stock valued at $4,382,000 after purchasing an additional 30,440 shares in the last quarter. Samlyn Capital LLC acquired a new stake in CONSOL Energy in the 2nd quarter valued at $36,033,000. Royce & Associates LP increased its stake in CONSOL Energy by 141.5% in the 3rd quarter. Royce & Associates LP now owns 10,695 shares of the company’s stock valued at $1,119,000 after buying an additional 6,266 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in CONSOL Energy by 54.0% during the 3rd quarter. Intech Investment Management LLC now owns 13,055 shares of the company’s stock worth $1,366,000 after buying an additional 4,575 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Up 1.8 %

Shares of CEIX stock opened at $106.78 on Wednesday. CONSOL Energy Inc. has a 52-week low of $75.43 and a 52-week high of $134.59. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 7.84 and a beta of 1.80. The firm’s 50-day moving average is $117.78 and its 200-day moving average is $106.16. 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 (NYSE:CEIX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.05. The firm had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.11 earnings per share. Sell-side analysts predict that CONSOL Energy Inc. will post 11.57 EPS for the current year.

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, November 15th. CONSOL Energy’s payout ratio is 7.34%.

Analyst Ratings Changes

A number of research firms recently issued reports on CEIX. B. Riley lifted their target price on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Benchmark raised their price target 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 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.