CONSOL Energy (NYSE:CEIX) Stock Price Down 3.4% – Time to Sell?

CONSOL Energy Inc. (NYSE:CEIX)’s share price fell 3.4% during trading on Friday . The company traded as low as $104.42 and last traded at $104.63. 320,808 shares changed hands during trading, a decline of 34% from the average session volume of 485,097 shares. The stock had previously closed at $108.29.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. B. Riley boosted their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Benchmark raised their target price on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 18th.

CONSOL Energy Stock Performance

The firm has a market cap of $3.07 billion, a PE ratio of 7.66 and a beta of 1.76. The stock has a 50-day moving average price of $118.56 and a 200 day moving average price of $105.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16.

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

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is 7.34%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its stake in CONSOL Energy by 2,931.3% during the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after buying an additional 469 shares during the period. Sound Income Strategies LLC acquired a new position in shares of CONSOL Energy during the 3rd quarter valued at $51,000. Quest Partners LLC purchased a new stake in CONSOL Energy during the 3rd quarter worth $104,000. KBC Group NV increased its holdings in CONSOL Energy by 33.2% in the 3rd quarter. KBC Group NV now owns 1,019 shares of the company’s stock valued at $107,000 after purchasing an additional 254 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in CONSOL Energy by 36.4% in the third quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $126,000 after purchasing an additional 320 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

About CONSOL Energy

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.