Arizona State Retirement System Sells 716 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Arizona State Retirement System reduced its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,942 shares of the company’s stock after selling 716 shares during the period. Arizona State Retirement System’s holdings in CONSOL Energy were worth $899,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CEIX. Envestnet Asset Management Inc. bought a new position in CONSOL Energy in the 1st quarter worth approximately $257,000. ProShare Advisors LLC bought a new stake in shares of CONSOL Energy during the first quarter valued at approximately $284,000. HighTower Advisors LLC bought a new stake in shares of CONSOL Energy during the first quarter valued at approximately $315,000. Citigroup Inc. increased its position in shares of CONSOL Energy by 6.3% during the first quarter. Citigroup Inc. now owns 29,430 shares of the company’s stock valued at $1,107,000 after purchasing an additional 1,739 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of CONSOL Energy during the first quarter valued at approximately $1,091,000. 86.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their price objective on CONSOL Energy from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th.

CONSOL Energy Stock Performance

CEIX opened at $88.45 on Wednesday. The stock has a market cap of $2.62 billion, a PE ratio of 4.50 and a beta of 1.76. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. CONSOL Energy Inc. has a 1 year low of $53.40 and a 1 year high of $114.30. The stock’s 50 day simple moving average is $83.74 and its 200-day simple moving average is $94.47.

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

Insider Buying and Selling at CONSOL Energy

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the company’s 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 sale, the chief accounting officer now directly owns 13,108 shares in the company, valued at $1,239,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

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.