State of New Jersey Common Pension Fund D Has $2.22 Million Stock Holdings in CONSOL Energy Inc. (NYSE:CEIX)

State of New Jersey Common Pension Fund D boosted its position in CONSOL Energy Inc. (NYSE:CEIX) by 8.8% during the 3rd quarter, Holdings Channel reports. The fund owned 21,206 shares of the company’s stock after buying an additional 1,707 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CONSOL Energy were worth $2,219,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in shares of CONSOL Energy by 4.1% during the second quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after purchasing an additional 109 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of CONSOL Energy by 4.0% during the second quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock valued at $393,000 after buying an additional 147 shares during the last quarter. Empirical Finance LLC increased its position 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 worth $1,182,000 after acquiring an additional 217 shares in the last quarter. CWM LLC raised its holdings in shares of CONSOL Energy by 70.7% in the 2nd 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. Finally, Hsbc Holdings PLC lifted its position in CONSOL Energy by 8.5% in the 2nd quarter. Hsbc Holdings PLC now owns 3,790 shares of the company’s stock valued at $384,000 after acquiring an additional 296 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

CONSOL Energy Trading Down 1.2 %

NYSE CEIX opened at $123.61 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.63 billion, a P/E ratio of 9.08 and a beta of 1.73. The business has a fifty day simple moving average of $106.17 and a 200 day simple moving average of $99.61. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $130.47.

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

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy’s payout ratio is 7.34%.

Analyst Ratings Changes

Separately, B. Riley boosted their price objective on CONSOL Energy from $109.00 to $138.00 and gave the stock 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.