JPMorgan Chase & Co. Purchases 611 Shares of CONSOL Energy Inc. (NYSE:CEIX)

JPMorgan Chase & Co. grew its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 0.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 242,941 shares of the company’s stock after buying an additional 611 shares during the quarter. JPMorgan Chase & Co.’s holdings in CONSOL Energy were worth $25,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Samlyn Capital LLC acquired a new position in shares of CONSOL Energy during the 2nd quarter worth approximately $36,033,000. Victory Capital Management Inc. increased its position in shares of CONSOL Energy by 578.7% in the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock worth $27,746,000 after purchasing an additional 226,069 shares during the period. International Assets Investment Management LLC bought a new position in shares of CONSOL Energy in the third quarter worth $10,032,000. American Century Companies Inc. raised its stake in CONSOL Energy by 6.8% in the second 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 in the last quarter. Finally, Barclays PLC lifted its position in CONSOL Energy by 158.2% during the third quarter. Barclays PLC now owns 60,521 shares of the company’s stock worth $6,332,000 after purchasing an additional 37,080 shares during the period. Institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Up 1.8 %

Shares of NYSE CEIX opened at $106.78 on Wednesday. The stock has a 50-day moving average price of $117.78 and a two-hundred day moving average price of $106.16. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 7.84 and a beta of 1.80.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, beating the consensus estimate of $3.17 by $0.05. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The business had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. During the same quarter in the prior year, the firm earned $3.11 EPS. The firm’s revenue was up .9% compared to the same quarter last year. As a group, analysts forecast that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is 7.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CEIX shares. Benchmark boosted their target price on shares of CONSOL Energy from $105.00 to $140.00 and gave the company 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 research note 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.