ProShare Advisors LLC Sells 1,453 Shares of CONSOL Energy Inc. (NYSE:CEIX)

ProShare Advisors LLC lessened its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 23.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,624 shares of the company’s stock after selling 1,453 shares during the period. ProShare Advisors LLC’s holdings in CONSOL Energy were worth $472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in CONSOL Energy by 21.0% during the fourth quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock valued at $244,994,000 after buying an additional 423,338 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of CONSOL Energy in the 4th quarter worth $20,810,000. Barlow Wealth Partners Inc. purchased a new stake in shares of CONSOL Energy in the 2nd quarter worth $13,645,000. Jupiter Asset Management Ltd. bought a new position in CONSOL Energy in the 1st quarter worth $10,832,000. Finally, Quantedge Capital Pte Ltd bought a new stake in CONSOL Energy during the fourth quarter valued at about $11,883,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price objective on 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 Price Performance

Shares of NYSE:CEIX opened at $104.59 on Tuesday. The company has a market capitalization of $3.07 billion, a P/E ratio of 6.34 and a beta of 1.72. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $114.30. The firm’s 50 day simple moving average is $96.06 and its two-hundred day simple moving average is $93.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31.

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

CONSOL Energy Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. This represents a dividend yield of 0.5%. The ex-dividend date 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.