CONSOL Energy (NYSE:CEIX) Shares Down 3.8%

CONSOL Energy Inc. (NYSE:CEIX) shares dropped 3.8% on Thursday . The stock traded as low as $96.89 and last traded at $97.04. Approximately 91,876 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 504,784 shares. The stock had previously closed at $100.88.

Analysts Set New Price Targets

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

CONSOL Energy Stock Performance

The stock has a market capitalization of $3.00 billion, a P/E ratio of 6.19 and a beta of 1.73. The firm has a 50-day moving average of $93.30 and a 200 day moving average of $91.09. The company has a quick ratio of 1.21, a current ratio of 1.47 and a debt-to-equity ratio of 0.13.

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

Insider Buying and Selling

In related news, 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 directly owns 532,087 shares of the company’s stock, valued at $52,256,264.27. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in CONSOL Energy by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock worth $214,602,000 after acquiring an additional 125,087 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CONSOL Energy by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,140,661 shares of the company’s stock valued at $215,203,000 after buying an additional 71,873 shares in the last quarter. Pacer Advisors Inc. increased its stake 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 buying an additional 445,155 shares in the last quarter. American Century Companies Inc. increased its stake in shares of CONSOL Energy by 8.4% in the third quarter. American Century Companies Inc. now owns 418,065 shares of the company’s stock valued at $43,859,000 after buying an additional 32,492 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of CONSOL Energy by 8.5% in the fourth quarter. First Trust Advisors LP now owns 312,233 shares of the company’s stock valued at $31,389,000 after buying an additional 24,529 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

About CONSOL Energy

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.