Cerity Partners LLC Reduces Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Cerity Partners LLC lowered its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,230 shares of the company’s stock after selling 17,615 shares during the period. Cerity Partners LLC’s holdings in CONSOL Energy were worth $6,155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of CONSOL Energy by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,179 shares of the company’s stock worth $320,000 after purchasing an additional 577 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of CONSOL Energy by 6,046.4% in the fourth quarter. International Assets Investment Management LLC now owns 142,350 shares of the company’s stock worth $14,310,000 after acquiring an additional 140,034 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CONSOL Energy by 1.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,193 shares of the company’s stock valued at $1,527,000 after acquiring an additional 210 shares in the last quarter. Clarus Wealth Advisors acquired a new stake in shares of CONSOL Energy during the fourth quarter valued at $218,000. Finally, Ritholtz Wealth Management increased its position in CONSOL Energy by 8.8% during the 4th quarter. Ritholtz Wealth Management now owns 18,736 shares of the company’s stock worth $1,884,000 after purchasing an additional 1,514 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Up 1.6 %

Shares of NYSE:CEIX opened at $84.97 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 4.32 and a beta of 1.76. The stock’s 50-day moving average price is $83.71 and its two-hundred day moving average price is $94.58. CONSOL Energy Inc. has a 12-month low of $53.40 and a 12-month high of $114.30.

CONSOL Energy (NYSE:CEIX) last released its earnings results on Tuesday, February 6th. The company reported $5.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The business had revenue of $649.90 million for the quarter, compared to analysts’ expectations of $608.90 million. During the same period last year, the company earned $3.89 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts forecast that CONSOL Energy Inc. will post 11.02 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity

In related news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the transaction, the chief accounting officer now owns 13,108 shares in the company, valued at $1,239,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.49% of the company’s stock.

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.