Great Lakes Advisors LLC Sells 5,367 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Great Lakes Advisors LLC trimmed its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,410 shares of the company’s stock after selling 5,367 shares during the period. Great Lakes Advisors LLC owned 0.68% of CONSOL Energy worth $20,346,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. bought a new position in CONSOL Energy during the fourth quarter valued at $28,000. Parallel Advisors LLC grew its holdings in CONSOL Energy by 101.4% in the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after purchasing an additional 150 shares during the last quarter. Blue Trust Inc. increased its position in CONSOL Energy by 2,931.3% during the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after buying an additional 469 shares in the last quarter. CWM LLC grew its position in CONSOL Energy by 70.7% during 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 last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of CONSOL Energy in the 1st quarter valued at $56,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley increased their price objective on shares of CONSOL Energy from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday.

Insiders Place Their Bets

In related news, CEO James A. Brock sold 1,700 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $99.55, for a total value of $169,235.00. Following the completion of the sale, the chief executive officer now directly owns 529,487 shares of the company’s stock, valued at approximately $52,710,430.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

CONSOL Energy Price Performance

Shares of NYSE CEIX traded down $1.84 during midday trading on Friday, hitting $91.40. The stock had a trading volume of 497,319 shares, compared to its average volume of 490,267. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $114.30. The company has a market capitalization of $2.69 billion, a PE ratio of 5.54 and a beta of 1.77. The stock has a 50 day simple moving average of $97.59 and a 200-day simple moving average of $92.00.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.68. The firm had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. During the same period in the previous year, the firm earned $4.94 EPS. On average, sell-side analysts expect that CONSOL Energy Inc. will post 11.46 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 30th. This represents a dividend yield of 0.5%. CONSOL Energy’s payout ratio is 1.52%.

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.