Mackenzie Financial Corp Acquires New Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Mackenzie Financial Corp purchased a new stake in CONSOL Energy Inc. (NYSE:CEIX) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,579 shares of the company’s stock, valued at approximately $259,000.

A number of other large investors have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in CONSOL Energy in the 3rd quarter valued at about $1,316,000. Xponance Inc. bought a new stake in CONSOL Energy in the 3rd quarter valued at about $208,000. FSC Wealth Advisors LLC bought a new stake in CONSOL Energy in the 3rd quarter valued at about $50,000. Raymond James & Associates boosted its holdings in CONSOL Energy by 223.6% in the 3rd quarter. Raymond James & Associates now owns 13,800 shares of the company’s stock valued at $1,448,000 after purchasing an additional 9,535 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in CONSOL Energy by 42.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,892 shares of the company’s stock valued at $933,000 after purchasing an additional 2,659 shares during the period. Institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley cut their price objective 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 Transactions at CONSOL Energy

In other news, CAO John Rothka sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the completion of the sale, the chief accounting officer now directly owns 13,108 shares in the company, valued at $1,239,492.48. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by corporate insiders.

CONSOL Energy Price Performance

Shares of NYSE:CEIX opened at $85.73 on Monday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 4.36 and a beta of 1.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $84.11 and a 200 day simple moving average of $93.45. CONSOL Energy Inc. has a one year low of $53.40 and a one year high of $114.30.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $5.05 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $649.90 million during the quarter, compared to analysts’ expectations of $608.90 million. During the same period in the prior year, the company posted $3.89 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Research analysts predict that CONSOL Energy Inc. will post 11.02 earnings per share for the current fiscal year.

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.