Financial Strategies Group Inc. Invests $252,000 in CONSOL Energy Inc. (NYSE:CEIX)

Financial Strategies Group Inc. purchased a new stake in shares of CONSOL Energy Inc. (NYSE:CEIX) during the 1st quarter, HoldingsChannel reports. The firm purchased 3,053 shares of the company’s stock, valued at approximately $252,000.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in CONSOL Energy by 750.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,031 shares of the company’s stock valued at $2,264,000 after buying an additional 23,852 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of CONSOL Energy by 23.9% during the 1st quarter. AlphaMark Advisors LLC now owns 3,029 shares of the company’s stock valued at $254,000 after purchasing an additional 585 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in shares of CONSOL Energy by 14.1% in the 1st quarter. Hennessy Advisors Inc. now owns 236,200 shares of the company’s stock valued at $19,784,000 after purchasing an additional 29,200 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in CONSOL Energy during the first quarter worth $279,000. Finally, Clarus Wealth Advisors grew its position in CONSOL Energy by 16.0% during the first quarter. Clarus Wealth Advisors now owns 2,548 shares of the company’s stock valued at $214,000 after buying an additional 352 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at CONSOL Energy

In other news, CEO James A. Brock sold 1,700 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $99.55, for a total transaction of $169,235.00. Following the completion of the sale, the chief executive officer now owns 529,487 shares of the company’s stock, valued at $52,710,430.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CONSOL Energy news, CEO James A. Brock sold 5,400 shares of CONSOL Energy stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $98.21, for a total transaction of $530,334.00. Following the sale, the chief executive officer now owns 532,087 shares of the company’s stock, valued at approximately $52,256,264.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James A. Brock sold 1,700 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $99.55, for a total transaction of $169,235.00. Following the sale, the chief executive officer now directly owns 529,487 shares of the company’s stock, valued at approximately $52,710,430.85. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

CONSOL Energy Price Performance

NYSE CEIX traded down $3.75 during trading hours on Tuesday, reaching $103.56. The company’s stock had a trading volume of 173,091 shares, compared to its average volume of 507,047. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 6.33 and a beta of 1.77. The company’s 50-day moving average is $93.76 and its two-hundred day moving average is $91.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.21. CONSOL Energy Inc. has a 1-year low of $61.72 and a 1-year high of $114.30.

CONSOL Energy (NYSE:CEIX) last announced its earnings results on Tuesday, May 7th. The company reported $3.39 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $516.85 million. During the same period in the prior year, the company posted $6.55 EPS. The business’s quarterly revenue was down 17.9% on a year-over-year basis. On average, equities analysts predict that CONSOL Energy Inc. will post 11.58 EPS for the current year.

About CONSOL Energy

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.