Evergreen Capital Management LLC Acquires 147 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Evergreen Capital Management LLC increased its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 4.0% in the second quarter, HoldingsChannel.com reports. The fund owned 3,855 shares of the company’s stock after acquiring an additional 147 shares during the period. Evergreen Capital Management LLC’s holdings in CONSOL Energy were worth $393,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its holdings in CONSOL Energy by 6.5% in the second quarter. Public Sector Pension Investment Board now owns 58,175 shares of the company’s stock worth $5,936,000 after buying an additional 3,557 shares during the period. Intech Investment Management LLC purchased a new position in shares of CONSOL Energy in the 2nd quarter valued at approximately $865,000. Goehring & Rozencwajg Associates LLC boosted its position in shares of CONSOL Energy by 13.1% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 197,822 shares of the company’s stock valued at $20,184,000 after purchasing an additional 22,900 shares in the last quarter. Resolute Capital Asset Partners LLC purchased a new stake in CONSOL Energy in the second quarter worth $3,061,000. Finally, Hsbc Holdings PLC raised its holdings in CONSOL Energy by 8.5% in the second quarter. Hsbc Holdings PLC now owns 3,790 shares of the company’s stock worth $384,000 after purchasing an additional 296 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their target price on shares of CONSOL Energy from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, September 6th.

CONSOL Energy Price Performance

Shares of NYSE CEIX opened at $104.06 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55. The company has a 50 day simple moving average of $95.87 and a two-hundred day simple moving average of $93.02. CONSOL Energy Inc. has a fifty-two week low of $75.43 and a fifty-two week high of $114.30. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 6.31 and a beta of 1.72.

CONSOL Energy (NYSE:CEIX) last released its earnings results on Thursday, August 8th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The business had revenue of $501.10 million for the quarter, compared to the consensus estimate of $429.90 million. During the same period in the previous year, the company posted $4.94 earnings per share. Analysts expect that CONSOL Energy Inc. will post 11.54 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.25 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy’s dividend payout ratio (DPR) is 1.52%.

About CONSOL Energy

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.