Foster & Motley Inc. Increases Stock Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Foster & Motley Inc. raised its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,227 shares of the company’s stock after purchasing an additional 1,105 shares during the quarter. Foster & Motley Inc. owned approximately 0.06% of CONSOL Energy worth $1,803,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CEIX. Blue Trust Inc. lifted its stake in shares of CONSOL Energy by 2,931.3% in the 2nd 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 purchased a new position in CONSOL Energy during the third quarter valued at $51,000. CWM LLC grew its position in shares of CONSOL Energy by 70.7% in the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after buying an additional 220 shares during the period. EntryPoint Capital LLC bought a new position in shares of CONSOL Energy in the 1st quarter worth about $56,000. Finally, GAMMA Investing LLC increased its stake in shares of CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after acquiring an additional 309 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

CONSOL Energy Stock Performance

CONSOL Energy stock opened at $127.06 on Thursday. The stock’s 50 day moving average is $103.34 and its 200 day moving average is $98.11. The company has a market capitalization of $3.73 billion, a P/E ratio of 9.40 and a beta of 1.73. CONSOL Energy Inc. has a twelve month low of $75.43 and a twelve month high of $128.07. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13.

CONSOL Energy (NYSE:CEIX) last released 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. The firm had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.11 earnings per share. On average, equities research analysts predict that CONSOL Energy Inc. will post 11.5 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

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

Analyst Ratings Changes

Separately, B. Riley boosted their price objective 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 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.