Empowered Funds LLC Purchases 12,882 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Empowered Funds LLC raised its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 14.7% in the third quarter, Holdings Channel reports. The institutional investor owned 100,288 shares of the company’s stock after acquiring an additional 12,882 shares during the period. Empowered Funds LLC’s holdings in CONSOL Energy were worth $10,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in CONSOL Energy by 2,931.3% during the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after buying an additional 469 shares during the period. Sound Income Strategies LLC purchased a new stake in CONSOL Energy in the third quarter worth $51,000. CWM LLC lifted its position 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 purchasing an additional 220 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of CONSOL Energy during the first quarter valued at $56,000. Finally, GAMMA Investing LLC increased its stake in CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after buying an additional 309 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

CONSOL Energy Trading Up 0.4 %

Shares of NYSE CEIX opened at $124.11 on Friday. CONSOL Energy Inc. has a twelve month low of $75.43 and a twelve month high of $130.47. The firm has a market cap of $3.65 billion, a PE ratio of 9.11 and a beta of 1.73. The business has a fifty day simple moving average of $107.43 and a two-hundred day simple moving average of $100.03. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. The company had revenue of $574.90 million during the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.11 earnings per share. Analysts expect that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy’s payout ratio is currently 7.34%.

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.