Short Interest in CONSOL Energy Inc. (NYSE:CEIX) Drops By 12.3%

CONSOL Energy Inc. (NYSE:CEIX) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 2,560,000 shares, a drop of 12.3% from the November 15th total of 2,920,000 shares. Approximately 8.9% of the shares of the stock are short sold. Based on an average daily volume of 478,900 shares, the short-interest ratio is currently 5.3 days.

Institutional Investors Weigh In On CONSOL Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp grew its holdings in CONSOL Energy by 4.1% during the 2nd quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after acquiring an additional 109 shares during the period. Evergreen Capital Management LLC grew its stake in shares of CONSOL Energy by 4.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock worth $393,000 after acquiring an additional 147 shares in the last quarter. Empirical Finance LLC increased its position in shares of CONSOL Energy by 1.9% in the second quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock valued at $1,182,000 after acquiring an additional 217 shares during the last quarter. CWM LLC boosted its holdings in shares of CONSOL Energy by 70.7% in the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 220 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of CONSOL Energy by 33.2% in the third quarter. KBC Group NV now owns 1,019 shares of the company’s stock valued at $107,000 after buying an additional 254 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

CONSOL Energy Trading Down 3.6 %

Shares of NYSE:CEIX traded down $4.15 during mid-day trading on Tuesday, hitting $111.95. The stock had a trading volume of 710,797 shares, compared to its average volume of 486,211. The company has a market cap of $3.29 billion, a PE ratio of 8.22 and a beta of 1.76. The company’s 50 day moving average is $118.39 and its 200-day moving average is $105.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. CONSOL Energy has a 12-month low of $75.43 and a 12-month high of $134.59.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.05. The company had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.11 EPS. On average, sell-side analysts predict that CONSOL Energy will post 11.57 EPS for the current year.

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.89%. CONSOL Energy’s dividend payout ratio is 7.34%.

Analyst Upgrades and Downgrades

CEIX has been the subject of a number of research analyst reports. B. Riley increased their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Benchmark lifted their price target on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th.

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.