ProShare Advisors LLC Sells 1,453 Shares of CONSOL Energy Inc. (NYSE:CEIX)

ProShare Advisors LLC lowered its stake in CONSOL Energy Inc. (NYSE:CEIX) by 23.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,624 shares of the company’s stock after selling 1,453 shares during the period. ProShare Advisors LLC’s holdings in CONSOL Energy were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of CONSOL Energy by 101.4% during the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after acquiring an additional 150 shares in the last quarter. Blue Trust Inc. increased its stake in CONSOL Energy by 2,931.3% during the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after purchasing an additional 469 shares in the last quarter. CWM LLC raised its holdings in CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after buying an additional 220 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of CONSOL Energy in the first quarter worth approximately $56,000. Finally, GAMMA Investing LLC grew its holdings in shares of CONSOL Energy by 54.1% during the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after buying an additional 309 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price objective on CONSOL Energy from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, September 6th.

CONSOL Energy Trading Up 0.2 %

CONSOL Energy stock opened at $104.59 on Tuesday. CONSOL Energy Inc. has a one year low of $75.43 and a one year high of $114.30. The business’s fifty day moving average is $96.06 and its 200 day moving average is $93.49. The stock has a market capitalization of $3.07 billion, a PE ratio of 6.34 and a beta of 1.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.68. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The firm had revenue of $501.10 million for the quarter, compared to the consensus estimate of $429.90 million. During the same quarter last year, the firm posted $4.94 EPS. On average, sell-side analysts predict that CONSOL Energy Inc. will post 11.54 EPS for the current year.

CONSOL Energy Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a yield of 0.5%. CONSOL Energy’s dividend payout ratio is presently 1.52%.

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.