Financial Strategies Group Inc. Reduces Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Financial Strategies Group Inc. lessened its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 20.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,025 shares of the company’s stock after selling 1,004 shares during the period. Financial Strategies Group Inc.’s holdings in CONSOL Energy were worth $445,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. 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 in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of CONSOL Energy during the 3rd quarter worth about $51,000. CWM LLC grew its holdings in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after buying an additional 220 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of CONSOL Energy in the first quarter valued at approximately $56,000. Finally, GAMMA Investing LLC lifted its stake in shares of CONSOL Energy by 54.1% during the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after buying an additional 309 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

CONSOL Energy Stock Performance

NYSE CEIX opened at $127.64 on Friday. The business’s 50-day moving average price is $103.86 and its 200 day moving average price is $98.32. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. CONSOL Energy Inc. has a twelve month low of $75.43 and a twelve month high of $128.95. The company has a market capitalization of $3.75 billion, a PE ratio of 9.45 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings data 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. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The business had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. During the same period in the prior year, the firm posted $3.11 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, research analysts predict that CONSOL Energy Inc. will post 11.5 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. CONSOL Energy’s dividend payout ratio (DPR) is presently 1.85%.

Analysts Set New Price Targets

Separately, 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 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.