Cynosure Group LLC Sells 178 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Cynosure Group LLC lessened its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 4.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,743 shares of the company’s stock after selling 178 shares during the period. Cynosure Group LLC’s holdings in CONSOL Energy were worth $392,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CEIX. BNP Paribas Financial Markets grew its holdings in shares of CONSOL Energy by 36.8% during the third quarter. BNP Paribas Financial Markets now owns 6,660 shares of the company’s stock worth $697,000 after purchasing an additional 1,792 shares in the last quarter. FMR LLC grew its stake in CONSOL Energy by 266.2% in the 3rd quarter. FMR LLC now owns 41,874 shares of the company’s stock worth $4,382,000 after buying an additional 30,440 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of CONSOL Energy in the 3rd quarter worth $232,000. Citigroup Inc. raised its position in shares of CONSOL Energy by 53.9% during the 3rd quarter. Citigroup Inc. now owns 45,604 shares of the company’s stock valued at $4,772,000 after buying an additional 15,981 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in CONSOL Energy by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the company’s stock worth $40,317,000 after acquiring an additional 990 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CEIX. Benchmark raised their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th. B. Riley boosted their price target on shares of 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 Price Performance

Shares of CONSOL Energy stock opened at $131.49 on Thursday. 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 business has a 50 day moving average of $112.51 and a 200 day moving average of $102.49. The company has a market cap of $3.86 billion, a PE ratio of 9.65 and a beta of 1.73. CONSOL Energy Inc. has a 52 week low of $75.43 and a 52 week high of $134.59.

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

CONSOL Energy Cuts Dividend

The company 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 dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) 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.