CONSOL Energy Inc. (NYSE:CEIX) Shares Sold by Financial Strategies Group Inc.

Financial Strategies Group Inc. decreased its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 20.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm 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.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CEIX. Samlyn Capital LLC acquired a new position in shares of CONSOL Energy during the second quarter worth about $36,033,000. Barlow Wealth Partners Inc. acquired a new stake in CONSOL Energy in the second quarter valued at approximately $13,645,000. Jupiter Asset Management Ltd. purchased a new stake in shares of CONSOL Energy during the first quarter valued at approximately $10,832,000. Vanguard Group Inc. lifted its position in shares of CONSOL Energy by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock worth $214,602,000 after purchasing an additional 125,087 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in CONSOL Energy during the 3rd quarter valued at $10,032,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted 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 Trading Up 0.4 %

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

CONSOL Energy (NYSE:CEIX) last announced its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company 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 company posted $3.11 EPS. CONSOL Energy’s quarterly revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that CONSOL Energy Inc. will post 11.5 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. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy’s dividend payout ratio is currently 1.85%.

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.