Pekin Hardy Strauss Inc. Decreases Stake in CONSOL Energy Inc. (NYSE:CEIX)

Pekin Hardy Strauss Inc. decreased its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 28.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,040 shares of the company’s stock after selling 2,750 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in CONSOL Energy were worth $718,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its position in shares of CONSOL Energy by 41.7% during the 4th quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock valued at $77,000 after acquiring an additional 226 shares during the period. Independent Advisor Alliance grew its holdings in CONSOL Energy by 14.2% in the fourth quarter. Independent Advisor Alliance now owns 2,822 shares of the company’s stock valued at $284,000 after purchasing an additional 350 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of CONSOL Energy in the fourth quarter valued at $759,000. Trexquant Investment LP raised its stake in shares of CONSOL Energy by 24.5% during the 4th quarter. Trexquant Investment LP now owns 35,151 shares of the company’s stock worth $3,534,000 after buying an additional 6,913 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of CONSOL Energy by 101.4% in the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock worth $30,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insider Activity

In related news, CEO James A. Brock sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $99.55, for a total transaction of $169,235.00. Following the sale, the chief executive officer now owns 529,487 shares in the company, valued at $52,710,430.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

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

CONSOL Energy Trading Down 1.3 %

Shares of CONSOL Energy stock opened at $95.74 on Wednesday. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $114.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. The business has a 50 day moving average price of $96.31 and a 200 day moving average price of $92.69. The company has a market capitalization of $2.81 billion, a P/E ratio of 5.81 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.68. The business had revenue of $501.10 million for the quarter, compared to the consensus estimate of $429.90 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. During the same period in the prior year, the business earned $4.94 earnings per share. Sell-side analysts anticipate that CONSOL Energy Inc. will post 11.54 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 0.5%. CONSOL Energy’s dividend payout ratio (DPR) is presently 1.52%.

CONSOL Energy 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.