HighTower Advisors LLC Boosts Stock Position in CONSOL Energy Inc. (NYSE:CEIX)

HighTower Advisors LLC boosted its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 98.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,425 shares of the company’s stock after acquiring an additional 3,684 shares during the quarter. HighTower Advisors LLC’s holdings in CONSOL Energy were worth $778,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after purchasing an additional 469 shares during the period. Sound Income Strategies LLC acquired a new stake in CONSOL Energy during the 3rd quarter worth approximately $51,000. CWM LLC lifted its holdings in CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after buying an additional 220 shares in the last quarter. Quest Partners LLC purchased a new position in CONSOL Energy in the 3rd quarter valued at approximately $104,000. Finally, KBC Group NV grew its stake in shares of CONSOL Energy by 33.2% in the third quarter. KBC Group NV now owns 1,019 shares of the company’s stock worth $107,000 after acquiring an additional 254 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CEIX shares. Benchmark increased their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th. B. Riley increased their price target on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 7th.

CONSOL Energy Trading Down 1.8 %

NYSE CEIX opened at $109.89 on Thursday. CONSOL Energy Inc. has a 52 week low of $75.43 and a 52 week high of $134.59. The firm has a 50 day moving average of $118.52 and a two-hundred day moving average of $105.37. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.23 billion, a PE ratio of 8.07 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The firm had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. During the same quarter in the previous year, the firm posted $3.11 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. As a group, research analysts expect that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. CONSOL Energy’s payout ratio is currently 7.34%.

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.