CONSOL Energy (NYSE:CEIX) Trading Down 6.8%

CONSOL Energy Inc. (NYSE:CEIX)’s stock price dropped 6.8% during trading on Thursday . The company traded as low as $88.69 and last traded at $89.07. Approximately 416,183 shares were traded during trading, a decline of 14% from the average daily volume of 483,534 shares. The stock had previously closed at $95.54.

CONSOL Energy Price Performance

The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 5.75 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 stock has a 50-day moving average price of $97.87 and a 200 day moving average price of $90.98.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.68. The business had revenue of $501.10 million during the quarter, compared to analysts’ expectations of $429.90 million. CONSOL Energy had a return on equity of 39.24% and a net margin of 21.57%. During the same period in the previous year, the business earned $4.94 earnings per share. As a group, equities research analysts expect that CONSOL Energy Inc. will post 11.58 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a dividend yield of 0.5%. CONSOL Energy’s payout ratio is currently 6.67%.

Insiders Place Their Bets

In related news, CEO James A. Brock sold 1,700 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $99.55, for a total transaction of $169,235.00. Following the transaction, the chief executive officer now directly owns 529,487 shares in the company, valued at $52,710,430.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CONSOL Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in CONSOL Energy by 6,046.4% during the fourth quarter. International Assets Investment Management LLC now owns 142,350 shares of the company’s stock worth $14,310,000 after purchasing an additional 140,034 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in CONSOL Energy by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,179 shares of the company’s stock worth $320,000 after purchasing an additional 577 shares during the period. Mackenzie Financial Corp purchased a new stake in CONSOL Energy during the 4th quarter worth about $259,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in CONSOL Energy by 7.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,873 shares of the company’s stock valued at $590,000 after purchasing an additional 399 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of CONSOL Energy by 1.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 17,711 shares of the company’s stock valued at $1,780,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.