State Street Corp Sells 30,547 Shares of CONSOL Energy Inc. (NYSE:CEIX)

State Street Corp decreased its position in CONSOL Energy Inc. (NYSE:CEIX) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,699,080 shares of the company’s stock after selling 30,547 shares during the quarter. State Street Corp owned approximately 0.06% of CONSOL Energy worth $177,809,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CEIX. Mackenzie Financial Corp grew its position in shares of CONSOL Energy by 4.1% in the 2nd 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 period. Evergreen Capital Management LLC boosted 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 increased its stake in shares of CONSOL Energy by 1.9% during the second quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock valued at $1,182,000 after purchasing an additional 217 shares in the last quarter. CWM LLC increased its stake in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 220 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of CONSOL Energy by 33.2% during 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. Hedge funds and other institutional investors own 86.54% of the company’s stock.

CONSOL Energy Trading Up 0.9 %

NYSE:CEIX opened at $118.06 on Friday. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 8.67 and a beta of 1.76. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average price is $117.98 and its 200-day moving average price is $104.94. CONSOL Energy Inc. has a 52 week low of $75.43 and a 52 week high of $134.59.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, beating the consensus estimate of $3.17 by $0.05. The business had revenue of $574.90 million for the quarter, compared to the consensus estimate of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $3.11 EPS. On average, equities research analysts forecast that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.85%. CONSOL Energy’s payout ratio is 7.34%.

Wall Street Analyst Weigh In

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

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.