James A. Brock Sells 5,400 Shares of CONSOL Energy Inc. (NYSE:CEIX) Stock

CONSOL Energy Inc. (NYSE:CEIX) CEO James A. Brock sold 5,400 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $98.21, for a total value of $530,334.00. Following the completion of the transaction, the chief executive officer now owns 532,087 shares in the company, valued at $52,256,264.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CONSOL Energy Stock Performance

NYSE CEIX traded up $1.40 on Friday, hitting $96.97. 246,067 shares of the company traded hands, compared to its average volume of 521,101. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 5.79 and a beta of 1.77. The company has a current ratio of 1.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $85.46 and its 200-day moving average price is $91.60. CONSOL Energy Inc. has a 52-week low of $53.40 and a 52-week high of $114.30.

CONSOL Energy (NYSE:CEIX) last released its earnings results on Tuesday, May 7th. The company reported $3.39 earnings per share for the quarter, beating the consensus estimate of $2.19 by $1.20. CONSOL Energy had a return on equity of 39.24% and a net margin of 21.57%. The company had revenue of $565.00 million for the quarter, compared to the consensus estimate of $516.85 million. During the same period in the previous year, the business earned $6.55 earnings per share. CONSOL Energy’s quarterly revenue was down 17.9% compared to the same quarter last year. Equities analysts expect that CONSOL Energy Inc. will post 11.58 earnings per share for the current year.

Hedge Funds Weigh In On CONSOL Energy

Several large investors have recently made changes to their positions in CEIX. Pacer Advisors Inc. lifted its position in shares of CONSOL Energy by 58.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock valued at $121,462,000 after acquiring an additional 445,155 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of CONSOL Energy by 21.0% in the fourth quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock valued at $244,994,000 after acquiring an additional 423,338 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of CONSOL Energy in the third quarter valued at about $31,922,000. Hennessy Advisors Inc. bought a new stake in shares of CONSOL Energy in the fourth quarter worth about $20,810,000. Finally, Dalal Street LLC increased its holdings in shares of CONSOL Energy by 94.9% in the third quarter. Dalal Street LLC now owns 396,570 shares of the company’s stock worth $41,604,000 after purchasing an additional 193,096 shares during the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley lowered their target price 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 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.