CONSOL Energy Inc. (NYSE:CEIX) Shares Bought by Fmr LLC

Fmr LLC increased its position in CONSOL Energy Inc. (NYSE:CEIX) by 266.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,874 shares of the company’s stock after buying an additional 30,440 shares during the quarter. Fmr LLC’s holdings in CONSOL Energy were worth $4,382,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in CONSOL Energy by 2,931.3% during the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after buying an additional 469 shares during the period. Sound Income Strategies LLC purchased a new position in CONSOL Energy during the 3rd quarter valued at about $51,000. CWM LLC increased 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 valued at $54,000 after purchasing an additional 220 shares during the period. Quest Partners LLC purchased a new stake in shares of CONSOL Energy in the third quarter worth approximately $104,000. Finally, KBC Group NV boosted its holdings in shares of CONSOL Energy by 33.2% during 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 period. Institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Performance

CEIX opened at $116.61 on Friday. CONSOL Energy Inc. has a 12-month low of $75.43 and a 12-month high of $134.59. The stock’s 50 day moving average price is $118.23 and its two-hundred day moving average price is $105.07. The firm has a market capitalization of $3.43 billion, a P/E ratio of 8.56 and a beta of 1.76. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (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 net margin of 18.02% and a return on equity of 28.96%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.11 earnings per share. On average, equities analysts forecast that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. CONSOL Energy’s payout ratio is 7.34%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CEIX. B. Riley upped their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Benchmark upped their price target on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 18th.

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.