CONSOL Energy Inc. (NYSE:CEIX) Shares Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. increased its position in CONSOL Energy Inc. (NYSE:CEIX) by 49.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,095 shares of the company’s stock after purchasing an additional 4,639 shares during the period. Maverick Capital Ltd.’s holdings in CONSOL Energy were worth $1,438,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CEIX. Vanguard Group Inc. lifted its stake in CONSOL Energy by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock valued at $214,602,000 after buying an additional 125,087 shares during the last quarter. American Century Companies Inc. raised its position in CONSOL Energy by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock valued at $62,370,000 after purchasing an additional 38,669 shares during the last quarter. Samlyn Capital LLC acquired a new stake in CONSOL Energy during the 2nd quarter worth $36,033,000. First Trust Advisors LP boosted its stake in CONSOL Energy by 8.5% during the 4th quarter. First Trust Advisors LP now owns 312,233 shares of the company’s stock worth $31,389,000 after purchasing an additional 24,529 shares during the period. Finally, Hennessy Advisors Inc. grew its position in CONSOL Energy by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company’s stock worth $28,466,000 after purchasing an additional 42,800 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CONSOL Energy Trading Up 0.2 %

Shares of CEIX stock opened at $104.33 on Friday. The company has a market capitalization of $3.07 billion, a P/E ratio of 6.33 and a beta of 1.72. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $95.96 and its two-hundred day moving average is $93.16. CONSOL Energy Inc. has a twelve month low of $75.43 and a twelve month high of $114.30.

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

CONSOL Energy Cuts Dividend

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