Short Interest in CONSOL Energy Inc. (NYSE:CEIX) Drops By 12.3%

CONSOL Energy Inc. (NYSE:CEIX) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,560,000 shares, a drop of 12.3% from the November 15th total of 2,920,000 shares. Based on an average daily trading volume, of 478,900 shares, the short-interest ratio is presently 5.3 days. Currently, 8.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CEIX. Blue Trust Inc. raised its stake in CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after acquiring an additional 469 shares during the period. Sound Income Strategies LLC acquired a new stake in CONSOL Energy during the third quarter worth approximately $51,000. CWM LLC lifted its position in CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after acquiring an additional 220 shares during the last quarter. Quest Partners LLC bought a new stake in shares of CONSOL Energy during the third quarter worth approximately $104,000. Finally, KBC Group NV grew its position in shares of CONSOL Energy by 33.2% in 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. 86.54% of the stock is currently owned by institutional investors.

CONSOL Energy Stock Down 3.6 %

Shares of CEIX traded down $4.16 during midday trading on Tuesday, hitting $111.94. The stock had a trading volume of 845,053 shares, compared to its average volume of 486,211. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 8.22 and a beta of 1.76. The company has a 50 day simple moving average of $118.39 and a two-hundred day simple moving average of $105.31. CONSOL Energy has a twelve month low of $75.43 and a twelve month high of $134.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16.

CONSOL Energy (NYSE:CEIX) last released 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 firm had revenue of $574.90 million for 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 business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.11 EPS. On average, analysts anticipate that CONSOL Energy 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. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.89%. CONSOL Energy’s payout ratio is presently 7.34%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CEIX. B. Riley raised their target price 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. Benchmark upped their price objective on shares of CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research report 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.