Connectus Wealth LLC Sells 856 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Connectus Wealth LLC lowered its stake in CONSOL Energy Inc. (NYSE:CEIXFree Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,625 shares of the company’s stock after selling 856 shares during the quarter. Connectus Wealth LLC owned 0.08% of CONSOL Energy worth $2,280,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new stake in CONSOL Energy during the 4th quarter valued at $28,000. Parallel Advisors LLC increased its stake in CONSOL Energy by 101.4% during the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in CONSOL Energy by 866.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock valued at $49,000 after purchasing an additional 416 shares in the last quarter. GAMMA Investing LLC purchased a new position in CONSOL Energy during the 4th quarter worth $74,000. Finally, Quadrant Capital Group LLC boosted its holdings in CONSOL Energy by 41.7% during the 4th quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock worth $77,000 after acquiring an additional 226 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Report on CEIX

Insiders Place Their Bets

In other news, CEO James A. Brock sold 5,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $98.21, for a total value of $530,334.00. Following the transaction, the chief executive officer now owns 532,087 shares in the company, valued at $52,256,264.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

CONSOL Energy Trading Down 1.6 %

Shares of CONSOL Energy stock opened at $98.23 on Monday. CONSOL Energy Inc. has a 12-month low of $59.95 and a 12-month high of $114.30. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 5.96 and a beta of 1.73. The company has a current ratio of 1.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $88.93 and its 200-day moving average price is $91.63.

CONSOL Energy (NYSE:CEIXGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $1.20. The business had revenue of $565.00 million for the quarter, compared to the consensus estimate of $516.85 million. CONSOL Energy had a net margin of 21.57% and a return on equity of 39.24%. CONSOL Energy’s quarterly revenue was down 17.9% on a year-over-year basis. During the same period last year, the firm posted $6.55 earnings per share. On average, equities analysts expect that CONSOL Energy Inc. will post 11.58 earnings per share for the current fiscal year.

CONSOL Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CONSOL Energy (NYSE:CEIX)

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