Connor Clark & Lunn Investment Management Ltd. raised its stake in CONSOL Energy Inc. (NYSE:CEIX – Get Rating) by 101.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,746 shares of the company’s stock after purchasing an additional 42,179 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in CONSOL Energy were worth $1,902,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in CEIX. PNC Financial Services Group Inc. boosted its holdings in shares of CONSOL Energy by 67.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,356 shares of the company’s stock valued at $35,000 after purchasing an additional 546 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of CONSOL Energy by 97.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,839 shares of the company’s stock valued at $48,000 after acquiring an additional 907 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of CONSOL Energy by 2,451.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 5,639 shares of the company’s stock valued at $147,000 after acquiring an additional 5,418 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of CONSOL Energy during the 4th quarter valued at $153,000. Finally, Arizona State Retirement System acquired a new position in shares of CONSOL Energy during the 4th quarter valued at $200,000. Institutional investors own 74.53% of the company’s stock.
In other news, insider Kurt R. Salvatori sold 6,995 shares of the business’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $42.04, for a total value of $294,069.80. Following the completion of the sale, the insider now owns 30,731 shares of the company’s stock, valued at approximately $1,291,931.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sophie Bergeron sold 12,200 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $48.25, for a total transaction of $588,650.00. Following the completion of the sale, the director now directly owns 30,828 shares of the company’s stock, valued at approximately $1,487,451. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
CONSOL Energy (NYSE:CEIX – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($1.98). CONSOL Energy had a return on equity of 20.76% and a net margin of 0.26%. The firm had revenue of $358.53 million for the quarter, compared to analysts’ expectations of $354.10 million. During the same period last year, the firm earned $0.75 EPS. Equities analysts anticipate that CONSOL Energy Inc. will post 9.48 EPS for the current year.
CEIX has been the topic of several recent research reports. B. Riley lifted their target price on shares of CONSOL Energy from $46.00 to $63.00 in a report on Thursday, May 5th. Zacks Investment Research lowered shares of CONSOL Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, TheStreet upgraded shares of CONSOL Energy from a “d+” rating to a “c” rating in a report on Tuesday, February 8th.
About CONSOL Energy (Get Rating)
CONSOL Energy Inc produces and exports bituminous coal in the United States. It operates through PAMC, CONSOL Marine Terminal, and Other segments. The company engages in the mining, preparation, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users; and provision of coal export terminal services, as well as development of the Itmann Mine and the Greenfield reserves.
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