EMC Capital Management Acquires Shares of 2,691 CONSOL Energy Inc. (NYSE:CEIX)

EMC Capital Management bought a new position in CONSOL Energy Inc. (NYSE:CEIX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,691 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in CONSOL Energy in the 4th quarter worth approximately $28,000. Parallel Advisors LLC grew its position in CONSOL Energy by 101.4% during the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after buying an additional 150 shares during the period. EntryPoint Capital LLC purchased a new position in CONSOL Energy in the first quarter valued at $56,000. GAMMA Investing LLC acquired a new position in shares of CONSOL Energy in the fourth quarter worth about $74,000. Finally, Quadrant Capital Group LLC raised its position in shares of CONSOL Energy by 41.7% in the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock worth $77,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Insider Activity

In other news, 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 sale, the chief executive officer now directly owns 532,087 shares of the company’s stock, valued at approximately $52,256,264.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $99.55, for a total value of $169,235.00. Following the completion of the transaction, the chief executive officer now owns 529,487 shares in the company, valued at $52,710,430.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James A. Brock sold 5,400 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $98.21, for a total value of $530,334.00. Following 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. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

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

CONSOL Energy Trading Down 5.1 %

Shares of CEIX traded down $4.90 during midday trading on Friday, reaching $91.99. The company had a trading volume of 526,700 shares, compared to its average volume of 483,664. CONSOL Energy Inc. has a 1-year low of $70.17 and a 1-year high of $114.30. The company has a quick ratio of 1.21, a current ratio of 1.47 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $99.63 and a 200-day simple moving average of $91.24. The stock has a market cap of $2.70 billion, a PE ratio of 5.87 and a beta of 1.77.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Tuesday, May 7th. The company reported $3.39 earnings per share for the quarter, beating the consensus estimate of $2.19 by $1.20. The company had revenue of $565.00 million for the quarter, compared to analyst estimates of $516.85 million. CONSOL Energy had a net margin of 21.57% and a return on equity of 39.24%. CONSOL Energy’s revenue was down 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $6.55 EPS. Research analysts forecast that CONSOL Energy Inc. will post 11.58 EPS for the current fiscal year.

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.