Foster & Motley Inc. Acquires 1,105 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Foster & Motley Inc. increased its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,227 shares of the company’s stock after purchasing an additional 1,105 shares during the quarter. Foster & Motley Inc.’s holdings in CONSOL Energy were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new position in CONSOL Energy during the 3rd quarter valued at about $3,619,000. Hi Line Capital Management LLC bought a new position in CONSOL Energy during the third quarter valued at approximately $3,305,000. Arkadios Wealth Advisors boosted its holdings in CONSOL Energy by 86.1% in the third quarter. Arkadios Wealth Advisors now owns 5,668 shares of the company’s stock worth $593,000 after purchasing an additional 2,623 shares during the last quarter. International Assets Investment Management LLC bought a new stake in CONSOL Energy in the 3rd quarter worth approximately $10,032,000. Finally, Blue Trust Inc. raised its stake in CONSOL Energy by 362.9% during the 3rd quarter. Blue Trust Inc. now owns 2,245 shares of the company’s stock valued at $229,000 after buying an additional 1,760 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley raised their price target on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 7th.

CONSOL Energy Trading Up 11.8 %

CONSOL Energy stock opened at $127.06 on Thursday. CONSOL Energy Inc. has a 52-week low of $75.43 and a 52-week high of $128.07. The company has a market cap of $3.73 billion, a P/E ratio of 9.40 and a beta of 1.73. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $103.34 and a two-hundred day simple moving average of $98.11.

CONSOL Energy (NYSE:CEIX) last announced its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.05. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The company had revenue of $574.90 million during the quarter, compared to analyst estimates of $554.00 million. During the same period in the previous year, the business posted $3.11 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts predict that CONSOL Energy Inc. will post 11.5 EPS for the current year.

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.79%. CONSOL Energy’s dividend payout ratio (DPR) is 1.85%.

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.