Fmr LLC lifted its holdings in shares of Consol Energy Inc (NYSE:CEIX) by 53.5% in the second quarter, Holdings Channel reports. The fund owned 90,995 shares of the company’s stock after acquiring an additional 31,704 shares during the period. Fmr LLC’s holdings in Consol Energy were worth $3,490,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. 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. Pinebridge Investments L.P. purchased a new stake in shares of Consol Energy during the second quarter valued at approximately $187,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Consol Energy during the second quarter valued at approximately $205,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Consol Energy during the second quarter valued at approximately $227,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Consol Energy by 258.7% during the first quarter. Cubist Systematic Strategies LLC now owns 8,322 shares of the company’s stock valued at $241,000 after acquiring an additional 6,002 shares during the last quarter. 88.26% of the stock is owned by institutional investors.
Several equities analysts have weighed in on CEIX shares. Stifel Nicolaus started coverage on Consol Energy in a report on Wednesday, June 27th. They set a “hold” rating and a $40.00 price objective for the company. B. Riley increased their price objective on Consol Energy from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. Zacks Investment Research lowered Consol Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 11th. Finally, Seaport Global Securities reissued a “buy” rating and set a $52.00 price objective on shares of Consol Energy in a report on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Consol Energy currently has an average rating of “Hold” and an average price target of $45.75.
Shares of NYSE CEIX opened at $38.32 on Friday. Consol Energy Inc has a 1-year low of $19.51 and a 1-year high of $48.12. The firm has a market cap of $1.14 billion and a price-to-earnings ratio of 8.45. 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 (NYSE:CEIX) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. Consol Energy had a return on equity of 28.97% and a net margin of 5.70%. The business had revenue of $370.70 million during the quarter, compared to analyst estimates of $413.40 million. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts anticipate that Consol Energy Inc will post 5.1 earnings per share for the current year.
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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