CONSOL Energy Inc. (NYSE:CEIX) Short Interest Up 15.2% in October

CONSOL Energy Inc. (NYSE:CEIX) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 1,820,000 shares, an increase of 15.2% from the September 30th total of 1,580,000 shares. Currently, 6.3% of the company’s stock are short sold. Based on an average trading volume of 458,100 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CEIX. Blue Trust Inc. increased its position in 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 purchasing an additional 469 shares during the period. Sound Income Strategies LLC acquired a new position in CONSOL Energy during the third quarter worth $51,000. CWM LLC raised its position in CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after acquiring an additional 220 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in CONSOL Energy in the first quarter valued at $56,000. Finally, GAMMA Investing LLC lifted its holdings in CONSOL Energy by 54.1% in the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after acquiring an additional 309 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Stock Up 1.8 %

NYSE:CEIX traded up $2.02 during midday trading on Thursday, hitting $111.68. 32,749 shares of the company were exchanged, compared to its average volume of 475,126. CONSOL Energy has a fifty-two week low of $75.43 and a fifty-two week high of $114.30. The company has a market capitalization of $3.28 billion, a PE ratio of 6.65 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $101.18 and a 200 day simple moving average of $97.03.

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 analysts’ consensus estimates of $1.28 by $0.68. The firm had revenue of $501.10 million during the quarter, compared to analysts’ expectations of $429.90 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. During the same period in the prior year, the firm earned $4.94 EPS. As a group, equities analysts anticipate that CONSOL Energy will post 11.53 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 0.5%. CONSOL Energy’s dividend payout ratio (DPR) is presently 1.52%.

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.