BNP Paribas Financial Markets Has $697,000 Position in CONSOL Energy Inc. (NYSE:CEIX)

BNP Paribas Financial Markets boosted its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 36.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,660 shares of the company’s stock after acquiring an additional 1,792 shares during the quarter. BNP Paribas Financial Markets’ holdings in CONSOL Energy were worth $697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in CONSOL Energy by 2,931.3% during 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. Sound Income Strategies LLC purchased a new stake in shares of CONSOL Energy in the 3rd quarter valued at $51,000. CWM LLC boosted its position in CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 220 shares during the period. Quest Partners LLC bought a new position in shares of CONSOL Energy during the third quarter valued at about $104,000. Finally, KBC Group NV grew its holdings in shares of CONSOL Energy by 33.2% in the third quarter. KBC Group NV now owns 1,019 shares of the company’s stock worth $107,000 after purchasing an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

CONSOL Energy Price Performance

NYSE CEIX opened at $118.06 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $134.59. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 8.67 and a beta of 1.76. The business’s fifty day moving average price is $117.98 and its 200-day moving average price is $104.94.

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

CONSOL Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, November 15th. CONSOL Energy’s dividend payout ratio is currently 7.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Benchmark lifted their price objective on CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. B. Riley upped their target price on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th.

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.