Capital Wealth Planning LLC Makes New $255,000 Investment in CONSOL Energy Inc. (NYSE:CEIX)

Capital Wealth Planning LLC purchased a new stake in CONSOL Energy Inc. (NYSE:CEIX) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,500 shares of the company’s stock, valued at approximately $255,000.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in CONSOL Energy by 101.4% during the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after buying an additional 150 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 469 shares in the last quarter. CWM LLC grew 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 worth $54,000 after acquiring an additional 220 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of CONSOL Energy during the first quarter worth $56,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of CONSOL Energy by 41.7% during the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock valued at $77,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their price target 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 Stock Up 3.0 %

CEIX stock opened at $96.41 on Monday. The company’s 50 day simple moving average is $96.47 and its 200-day simple moving average is $92.56. CONSOL Energy Inc. has a 52-week low of $75.43 and a 52-week high of $114.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. The firm has a market capitalization of $2.83 billion, a P/E ratio of 5.85 and a beta of 1.72.

CONSOL Energy (NYSE:CEIX) last announced its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.68. The company had revenue of $501.10 million for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $4.94 EPS. As a group, equities research analysts anticipate that CONSOL Energy Inc. will post 11.54 EPS for the current year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.25 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy’s dividend payout ratio is currently 1.52%.

Insiders Place Their Bets

In other news, CEO James A. Brock sold 1,700 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $99.55, for a total value of $169,235.00. Following the transaction, the chief executive officer now owns 529,487 shares in the company, valued at approximately $52,710,430.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

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.