Significant Wealth Partners LLC Acquires Shares of 2,513 CONSOL Energy Inc. (NYSE:CEIX)

Significant Wealth Partners LLC purchased a new stake in CONSOL Energy Inc. (NYSE:CEIX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,513 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in shares of CONSOL Energy by 101.4% in the fourth quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CONSOL Energy by 1.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,193 shares of the company’s stock valued at $1,527,000 after buying an additional 210 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in CONSOL Energy by 1.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 17,711 shares of the company’s stock valued at $1,780,000 after acquiring an additional 224 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of CONSOL Energy by 41.7% during the fourth quarter. Quadrant Capital Group LLC now owns 768 shares of the company’s stock valued at $77,000 after purchasing an additional 226 shares in the last quarter. Finally, Range Financial Group LLC lifted its stake in shares of CONSOL Energy by 2.2% in the fourth quarter. Range Financial Group LLC now owns 11,579 shares of the company’s stock worth $1,164,000 after acquiring an additional 252 shares during the period. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

CONSOL Energy Price Performance

Shares of CONSOL Energy stock traded up $5.46 on Monday, hitting $106.76. 338,017 shares of the company traded hands, compared to its average volume of 496,558. The company has a current ratio of 1.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.14 billion, a P/E ratio of 6.14 and a beta of 1.77. The firm’s 50-day simple moving average is $96.86 and its 200 day simple moving average is $91.16. CONSOL Energy Inc. has a 12-month low of $61.72 and a 12-month high of $114.30.

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