Capital Wealth Planning LLC Acquires New Shares in CONSOL Energy Inc. (NYSE:CEIX)

Capital Wealth Planning LLC bought a new position in CONSOL Energy Inc. (NYSE:CEIX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,500 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its position in CONSOL Energy by 40.1% in the fourth quarter. Teacher Retirement System of Texas now owns 15,797 shares of the company’s stock worth $1,588,000 after acquiring an additional 4,521 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in CONSOL Energy by 41.7% in the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock worth $77,000 after purchasing an additional 226 shares in the last quarter. Independent Advisor Alliance increased its position in CONSOL Energy by 14.2% during the fourth quarter. Independent Advisor Alliance now owns 2,822 shares of the company’s stock worth $284,000 after buying an additional 350 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in CONSOL Energy during the fourth quarter valued at about $759,000. Finally, Trexquant Investment LP lifted its position in shares of CONSOL Energy by 24.5% in the fourth 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. 86.54% of the stock is owned by hedge funds and other institutional investors.

CONSOL Energy Trading Up 3.0 %

NYSE:CEIX opened at $96.41 on Monday. The company’s 50 day moving average is $96.47 and its 200-day moving average is $92.56. 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 Inc. has a 12 month low of $75.43 and a 12 month high of $114.30. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 5.85 and a beta of 1.72.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.68. The business had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. During the same period last year, the business posted $4.94 EPS. Equities analysts anticipate that CONSOL Energy Inc. will post 11.54 EPS for the current year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 0.5%. CONSOL Energy’s dividend payout ratio is presently 1.52%.

Wall Street Analysts Forecast Growth

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

Insider Activity at CONSOL Energy

In other CONSOL Energy news, CEO James A. Brock sold 1,700 shares of CONSOL Energy stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $99.55, for a total value of $169,235.00. Following the transaction, the chief executive officer now directly owns 529,487 shares of the company’s stock, valued at approximately $52,710,430.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

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.