Moran Wealth Management LLC Acquires 450 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Moran Wealth Management LLC lifted its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 31,984 shares of the company’s stock after buying an additional 450 shares during the quarter. Moran Wealth Management LLC’s holdings in CONSOL Energy were worth $3,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of CONSOL Energy by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock valued at $214,602,000 after acquiring an additional 125,087 shares in the last quarter. American Century Companies Inc. increased its position in shares of CONSOL Energy by 6.8% during the second quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock valued at $62,370,000 after acquiring an additional 38,669 shares in the last quarter. Samlyn Capital LLC bought a new stake in shares of CONSOL Energy during the second quarter valued at approximately $36,033,000. Hennessy Advisors Inc. grew its position in CONSOL Energy by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company’s stock worth $28,466,000 after purchasing an additional 42,800 shares during the period. Finally, Victory Capital Management Inc. grew its position in CONSOL Energy by 578.7% in the 3rd 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. Institutional investors own 86.54% of the company’s stock.

Analyst Ratings Changes

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

CONSOL Energy Trading Down 0.4 %

Shares of CONSOL Energy stock opened at $126.06 on Thursday. The company’s fifty day simple moving average is $109.57 and its 200-day simple moving average is $101.07. The stock has a market capitalization of $3.70 billion, a PE ratio of 9.26 and a beta of 1.73. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $130.47. 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 (NYSE:CEIX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.05. The business had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $3.11 EPS. As a group, equities analysts anticipate that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy’s dividend payout ratio is presently 7.34%.

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.