Pacer Advisors Inc. Trims Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Pacer Advisors Inc. lowered its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 10.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,837,072 shares of the company’s stock after selling 209,655 shares during the period. Pacer Advisors Inc. owned 0.06% of CONSOL Energy worth $187,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CEIX. Parallel Advisors LLC boosted its stake in shares of CONSOL Energy by 101.4% in the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after acquiring an additional 150 shares during the period. Blue Trust Inc. lifted its holdings in CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after purchasing an additional 469 shares in the last quarter. CWM LLC boosted its stake in CONSOL Energy by 70.7% in the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after purchasing an additional 220 shares during the period. EntryPoint Capital LLC purchased a new stake in CONSOL Energy during the 1st quarter valued at approximately $56,000. Finally, Quadrant Capital Group LLC raised its position in shares of CONSOL Energy by 41.7% during the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock valued at $77,000 after buying an additional 226 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CONSOL Energy news, CEO James A. Brock sold 1,700 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $99.55, for a total transaction of $169,235.00. Following the completion of the transaction, the chief executive officer now owns 529,487 shares in the company, valued at $52,710,430.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

CONSOL Energy Stock Down 0.4 %

CEIX opened at $97.33 on Friday. The company has a market capitalization of $2.86 billion, a PE ratio of 5.90 and a beta of 1.73. The firm has a 50-day simple moving average of $96.08 and a two-hundred day simple moving average of $92.79. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13. CONSOL Energy Inc. has a 52 week low of $75.43 and a 52 week high of $114.30.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company had revenue of $501.10 million during the quarter, compared to analyst estimates of $429.90 million. During the same period in the prior year, the company earned $4.94 earnings per share. Analysts forecast that CONSOL Energy Inc. will post 11.54 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

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

Wall Street Analyst Weigh In

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.

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.