Sei Investments Co. increased its position in shares of Consol Energy Inc (NYSE:CEIX) by 493.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,717 shares of the company’s stock after purchasing an additional 23,049 shares during the period. Sei Investments Co. owned 0.10% of Consol Energy worth $1,063,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its position in shares of Consol Energy by 3.7% during the second quarter. New York State Teachers Retirement System now owns 50,921 shares of the company’s stock valued at $1,953,000 after acquiring an additional 1,835 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Consol Energy by 2.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 87,854 shares of the company’s stock valued at $2,546,000 after acquiring an additional 1,848 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Consol Energy by 246.0% during the second quarter. Meeder Asset Management Inc. now owns 2,889 shares of the company’s stock valued at $111,000 after acquiring an additional 2,054 shares during the last quarter. Stifel Financial Corp increased its position in shares of Consol Energy by 3.3% during the first quarter. Stifel Financial Corp now owns 77,561 shares of the company’s stock valued at $2,245,000 after acquiring an additional 2,477 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Consol Energy during the fourth quarter valued at about $189,000. Hedge funds and other institutional investors own 88.27% of the company’s stock.
Shares of CEIX stock opened at $45.97 on Tuesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.26 and a quick ratio of 1.13. Consol Energy Inc has a fifty-two week low of $19.51 and a fifty-two week high of $48.12.
Consol Energy (NYSE:CEIX) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $370.70 million during the quarter, compared to analysts’ expectations of $413.40 million. Consol Energy had a net margin of 5.70% and a return on equity of 28.97%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. sell-side analysts predict that Consol Energy Inc will post 5.1 EPS for the current year.
A number of equities research analysts have weighed in on the stock. Seaport Global Securities reiterated a “buy” rating and set a $52.00 price target on shares of Consol Energy in a research report on Thursday, August 2nd. Zacks Investment Research cut shares of Consol Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. B. Riley lifted their price target on shares of Consol Energy from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, July 10th. Finally, Stifel Nicolaus assumed coverage on shares of Consol Energy in a research report on Wednesday, June 27th. They set a “hold” rating and a $40.00 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.75.
In related news, Director John T. Mills sold 6,000 shares of Consol Energy stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $42.33, for a total value of $253,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company’s stock.
Consol Energy Profile
CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.
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