Hennessy Advisors Inc. Has $19.78 Million Position in CONSOL Energy Inc. (NYSE:CEIX)

Hennessy Advisors Inc. raised its position in CONSOL Energy Inc. (NYSE:CEIX) by 14.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 236,200 shares of the company’s stock after purchasing an additional 29,200 shares during the period. Hennessy Advisors Inc. owned approximately 0.80% of CONSOL Energy worth $19,784,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of CONSOL Energy by 58.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock valued at $121,462,000 after purchasing an additional 445,155 shares during the period. International Assets Investment Management LLC boosted its stake in shares of CONSOL Energy by 6,046.4% during the 4th quarter. International Assets Investment Management LLC now owns 142,350 shares of the company’s stock worth $14,310,000 after buying an additional 140,034 shares during the last quarter. Investment House LLC bought a new position in shares of CONSOL Energy in the 4th quarter valued at about $1,486,000. O Shaughnessy Asset Management LLC increased its position in shares of CONSOL Energy by 63.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 54,455 shares of the company’s stock valued at $5,713,000 after acquiring an additional 21,196 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in CONSOL Energy by 29.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,507 shares of the company’s stock valued at $1,157,000 after purchasing an additional 2,615 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley cut their price objective on CONSOL Energy from $100.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, April 10th.

CONSOL Energy Stock Performance

CONSOL Energy stock traded up $4.90 during midday trading on Friday, reaching $101.27. 344,152 shares of the company’s stock were exchanged, compared to its average volume of 505,867. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.21 and a current ratio of 1.47. The stock’s 50-day simple moving average is $92.94 and its 200 day simple moving average is $91.07. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 6.15 and a beta of 1.73. CONSOL Energy Inc. has a 52 week low of $61.72 and a 52 week high of $114.30.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $1.20. CONSOL Energy had a return on equity of 39.24% and a net margin of 21.57%. The business had revenue of $565.00 million for the quarter, compared to analysts’ expectations of $516.85 million. During the same quarter in the prior year, the business earned $6.55 EPS. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. On average, analysts expect that CONSOL Energy Inc. will post 11.58 earnings per share for the current fiscal year.

Insider Activity at CONSOL Energy

In related news, CEO James A. Brock sold 5,400 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $98.21, for a total value of $530,334.00. Following the completion of the sale, the chief executive officer now directly owns 532,087 shares in the company, valued at approximately $52,256,264.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by company 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.