Empowered Funds LLC Buys 12,882 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Empowered Funds LLC grew its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 14.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,288 shares of the company’s stock after acquiring an additional 12,882 shares during the quarter. Empowered Funds LLC owned 0.34% of CONSOL Energy worth $10,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CEIX. Mackenzie Financial Corp increased its holdings in CONSOL Energy by 4.1% during the second quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after buying an additional 109 shares during the last quarter. Evergreen Capital Management LLC raised its stake in CONSOL Energy by 4.0% during the second quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock worth $393,000 after acquiring an additional 147 shares in the last quarter. Empirical Finance LLC raised its holdings in CONSOL Energy by 1.9% in the 2nd quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock valued at $1,182,000 after buying an additional 217 shares during the last quarter. CWM LLC lifted its position in shares of CONSOL Energy by 70.7% in the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after purchasing an additional 220 shares during the period. Finally, KBC Group NV grew its stake in CONSOL Energy by 33.2% during the third quarter. KBC Group NV now owns 1,019 shares of the company’s stock worth $107,000 after purchasing an additional 254 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Stock Performance

NYSE CEIX opened at $124.11 on Friday. The firm has a market cap of $3.65 billion, a P/E ratio of 9.11 and a beta of 1.73. The company’s 50 day moving average is $107.43 and its 200-day moving average is $100.03. CONSOL Energy Inc. has a 12-month low of $75.43 and a 12-month high of $130.47. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.17 by $0.05. The business had revenue of $574.90 million during 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 firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $3.11 earnings per share. Sell-side analysts predict that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.81%. CONSOL Energy’s payout ratio is currently 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.