Thrivent Financial for Lutherans Trims Stock Position in CONSOL Energy Inc. (NYSE:CEIX)

Thrivent Financial for Lutherans trimmed its stake in CONSOL Energy Inc. (NYSE:CEIX) by 5.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,957 shares of the company’s stock after selling 1,156 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of CONSOL Energy worth $2,240,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in shares of CONSOL Energy during the 1st quarter valued at $620,000. Hennessy Advisors Inc. increased its stake in CONSOL Energy by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 236,200 shares of the company’s stock worth $19,784,000 after acquiring an additional 29,200 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in CONSOL Energy during the first quarter worth about $10,832,000. Allspring Global Investments Holdings LLC raised its holdings in shares of CONSOL Energy by 750.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,031 shares of the company’s stock worth $2,264,000 after purchasing an additional 23,852 shares during the period. Finally, Lake Street Advisors Group LLC acquired a new position in shares of CONSOL Energy in the 1st quarter valued at about $750,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley increased their target price on shares of CONSOL Energy from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, September 6th.

CONSOL Energy Stock Performance

Shares of CEIX stock opened at $103.05 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.03 billion, a PE ratio of 6.28 and a beta of 1.72. The company’s fifty day simple moving average is $96.06 and its 200-day simple moving average is $93.49. CONSOL Energy Inc. has a 52 week low of $75.43 and a 52 week high of $114.30.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company had revenue of $501.10 million for the quarter, compared to analysts’ expectations of $429.90 million. During the same quarter in the previous year, the firm posted $4.94 earnings per share. As a group, equities research analysts anticipate that CONSOL Energy Inc. will post 11.54 EPS for the current year.

CONSOL Energy Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.25 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy’s dividend payout ratio (DPR) is 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.