CONSOL Energy Inc. (NYSE:CEIX) Short Interest Update

CONSOL Energy Inc. (NYSE:CEIX) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 1,600,000 shares, a decline of 8.6% from the May 31st total of 1,750,000 shares. Based on an average daily volume of 447,400 shares, the short-interest ratio is currently 3.6 days. Currently, 5.6% of the company’s stock are sold short.

CONSOL Energy Stock Down 0.4 %

Shares of NYSE:CEIX traded down $0.42 during trading on Wednesday, hitting $102.80. 246,698 shares of the company were exchanged, compared to its average volume of 506,604. CONSOL Energy has a fifty-two week low of $61.72 and a fifty-two week high of $114.30. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 6.44 and a beta of 1.77. The company has a current ratio of 1.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $94.15 and a two-hundred day moving average price of $91.16.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, May 7th. The company reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $1.20. CONSOL Energy had a net margin of 21.57% and a return on equity of 39.24%. The company had revenue of $565.00 million for the quarter, compared to analysts’ expectations of $516.85 million. During the same period in the prior year, the firm earned $6.55 EPS. CONSOL Energy’s quarterly revenue was down 17.9% compared to the same quarter last year. As a group, research analysts anticipate that CONSOL Energy will post 11.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley reduced their price objective on shares of CONSOL Energy from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th.

Insider Activity

In related news, CEO James A. Brock sold 1,700 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $99.55, for a total transaction of $169,235.00. Following the sale, the chief executive officer now directly owns 529,487 shares in the company, valued at $52,710,430.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO James A. Brock sold 1,700 shares of CONSOL Energy stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $99.55, for a total value of $169,235.00. Following the sale, the chief executive officer now owns 529,487 shares of the company’s stock, valued at approximately $52,710,430.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James A. Brock sold 5,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $98.21, for a total value of $530,334.00. Following the completion of the sale, the chief executive officer now owns 532,087 shares in the company, valued at approximately $52,256,264.27. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CONSOL Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in CONSOL Energy by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock valued at $214,602,000 after buying an additional 125,087 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CONSOL Energy by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,140,661 shares of the company’s stock worth $215,203,000 after purchasing an additional 71,873 shares during the period. Pacer Advisors Inc. increased its stake in shares of CONSOL Energy by 58.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock worth $121,462,000 after purchasing an additional 445,155 shares during the period. American Century Companies Inc. lifted its holdings in CONSOL Energy by 8.4% during the 3rd quarter. American Century Companies Inc. now owns 418,065 shares of the company’s stock worth $43,859,000 after purchasing an additional 32,492 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in CONSOL Energy by 8.5% in the 4th quarter. First Trust Advisors LP now owns 312,233 shares of the company’s stock valued at $31,389,000 after purchasing an additional 24,529 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

CONSOL Energy Company 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.