485 Shares in CONSOL Energy Inc. (NYSE:CEIX) Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC acquired a new stake in CONSOL Energy Inc. (NYSE:CEIX) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 485 shares of the company’s stock, valued at approximately $51,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CEIX. CHICAGO TRUST Co NA purchased a new position in CONSOL Energy in the third quarter valued at $221,000. Exchange Traded Concepts LLC boosted its position in shares of CONSOL Energy by 182.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 15,144 shares of the company’s stock worth $1,585,000 after acquiring an additional 9,791 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of CONSOL Energy in the 3rd quarter valued at about $928,000. Unison Advisors LLC acquired a new stake in shares of CONSOL Energy during the 3rd quarter worth about $785,000. Finally, Barlow Wealth Partners Inc. lifted its stake in CONSOL Energy by 1.6% during the third quarter. Barlow Wealth Partners Inc. now owns 142,640 shares of the company’s stock worth $15,354,000 after purchasing an additional 2,187 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

CONSOL Energy Price Performance

Shares of CEIX opened at $110.67 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $114.30. The stock has a market cap of $3.25 billion, a PE ratio of 6.71 and a beta of 1.73. The firm has a fifty day moving average price of $98.03 and a 200 day moving average price of $95.10.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Thursday, August 8th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.68. The business had revenue of $501.10 million for the quarter, compared to analysts’ expectations of $429.90 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. During the same quarter in the previous year, the firm earned $4.94 earnings per share. As a group, sell-side analysts anticipate that CONSOL Energy Inc. will post 11.53 EPS for the current year.

CONSOL Energy Cuts Dividend

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

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.