Moran Wealth Management LLC Buys 450 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Moran Wealth Management LLC raised its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,984 shares of the company’s stock after acquiring an additional 450 shares during the period. Moran Wealth Management LLC owned about 0.11% of CONSOL Energy worth $3,347,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CEIX. Sei Investments Co. increased its holdings in CONSOL Energy by 8.2% in the 1st quarter. Sei Investments Co. now owns 12,132 shares of the company’s stock worth $1,016,000 after acquiring an additional 924 shares during the last quarter. ProShare Advisors LLC increased its holdings in CONSOL Energy by 7.0% in the 1st quarter. ProShare Advisors LLC now owns 6,077 shares of the company’s stock worth $509,000 after acquiring an additional 397 shares during the last quarter. Vanguard Group Inc. grew its holdings in CONSOL Energy by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock valued at $214,602,000 after buying an additional 125,087 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in CONSOL Energy by 4.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,563 shares of the company’s stock valued at $1,722,000 after buying an additional 865 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in CONSOL Energy during the 1st quarter valued at about $56,000. 86.54% of the stock is currently owned by institutional investors.

CONSOL Energy Stock Performance

Shares of CEIX opened at $126.06 on Thursday. The company has a market cap of $3.70 billion, a PE ratio of 9.26 and a beta of 1.73. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $109.57 and a 200-day moving average price of $101.07. CONSOL Energy Inc. has a 12-month low of $75.43 and a 12-month high of $130.47.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05. The firm had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $3.11 EPS. As a group, equities analysts forecast that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. CONSOL Energy’s dividend payout ratio (DPR) is presently 7.34%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. B. Riley lifted their target price on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th. Benchmark lifted their target price on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday.

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.