Arizona State Retirement System Trims Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Arizona State Retirement System reduced its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,942 shares of the company’s stock after selling 716 shares during the period. Arizona State Retirement System’s holdings in CONSOL Energy were worth $899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CEIX. Envestnet Asset Management Inc. acquired a new stake in shares of CONSOL Energy during the 1st quarter valued at approximately $257,000. ProShare Advisors LLC acquired a new stake in shares of CONSOL Energy during the 1st quarter valued at approximately $284,000. HighTower Advisors LLC acquired a new stake in shares of CONSOL Energy during the 1st quarter valued at approximately $315,000. Citigroup Inc. raised its position in shares of CONSOL Energy by 6.3% during the 1st quarter. Citigroup Inc. now owns 29,430 shares of the company’s stock valued at $1,107,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of CONSOL Energy during the 1st quarter valued at approximately $1,091,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CONSOL Energy Price Performance

Shares of NYSE CEIX opened at $88.45 on Wednesday. CONSOL Energy Inc. has a 1-year low of $53.40 and a 1-year high of $114.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.16. The business’s fifty day moving average price is $83.74 and its two-hundred day moving average price is $94.47. The firm has a market capitalization of $2.62 billion, a PE ratio of 4.50 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, February 6th. The company reported $5.05 earnings per share for the quarter, topping the consensus estimate of $4.28 by $0.77. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. The firm had revenue of $649.90 million for the quarter, compared to analyst estimates of $608.90 million. During the same period last year, the company earned $3.89 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts expect that CONSOL Energy Inc. will post 11.02 EPS for the current year.

Insiders Place Their Bets

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the sale, the chief accounting officer now directly owns 13,108 shares of the company’s stock, valued at $1,239,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by corporate insiders.

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.