Clarus Wealth Advisors Lowers Stake in CONSOL Energy Inc. (NYSE:CEIX)

Clarus Wealth Advisors cut its stake in CONSOL Energy Inc. (NYSE:CEIX) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,469 shares of the company’s stock after selling 146 shares during the period. Clarus Wealth Advisors’ holdings in CONSOL Energy were worth $252,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in shares of CONSOL Energy by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares in the last quarter. Sound Income Strategies LLC bought a new position in CONSOL Energy during the third quarter valued at approximately $51,000. AdvisorNet Financial Inc purchased a new position in shares of CONSOL Energy during the fourth quarter worth approximately $64,000. ORG Wealth Partners LLC purchased a new position in shares of CONSOL Energy during the fourth quarter worth approximately $103,000. Finally, Quest Partners LLC bought a new stake in shares of CONSOL Energy in the 3rd quarter worth approximately $104,000. Institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CEIX has been the topic of several recent research reports. Benchmark increased their target price on shares of CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th. B. Riley lifted their price objective on 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 Performance

NYSE:CEIX opened at $100.60 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. CONSOL Energy Inc. has a fifty-two week low of $75.43 and a fifty-two week high of $134.59. The firm has a market cap of $2.96 billion, a PE ratio of 7.39 and a beta of 1.80. The business has a 50 day moving average price of $117.05 and a 200-day moving average price of $106.27.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, beating 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 was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.11 EPS. Equities research analysts predict that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. CONSOL Energy’s payout ratio is presently 7.34%.

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.