CONSOL Energy Inc. (NYSE:CEIX) Short Interest Update

CONSOL Energy Inc. (NYSE:CEIX) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,580,000 shares, a decrease of 10.2% from the August 31st total of 1,760,000 shares. Based on an average daily volume of 460,900 shares, the days-to-cover ratio is currently 3.4 days. Approximately 5.5% of the company’s stock are sold short.

Hedge Funds Weigh In On CONSOL Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in CONSOL Energy during the 2nd quarter worth approximately $1,274,000. Creative Planning bought a new stake in CONSOL Energy in the 2nd quarter valued at $405,000. Mackenzie Financial Corp boosted its stake in CONSOL Energy by 4.1% in the 2nd quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after purchasing an additional 109 shares during the period. Maverick Capital Ltd. increased its holdings in CONSOL Energy by 49.1% during the 2nd quarter. Maverick Capital Ltd. now owns 14,095 shares of the company’s stock worth $1,438,000 after purchasing an additional 4,639 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of CONSOL Energy by 8.7% in the 2nd quarter. AQR Capital Management LLC now owns 60,957 shares of the company’s stock valued at $6,219,000 after purchasing an additional 4,897 shares during the period. Institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price target on shares of CONSOL Energy from $103.00 to $109.00 and gave the company a “buy” rating in a report on Friday, September 6th.

CONSOL Energy Price Performance

NYSE:CEIX traded down $1.60 during trading hours on Tuesday, reaching $103.05. The company had a trading volume of 241,471 shares, compared to its average volume of 483,003. CONSOL Energy has a one year low of $75.43 and a one year high of $114.30. The company has a quick ratio of 1.31, a current ratio of 1.55 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $96.06 and a two-hundred day moving average of $93.49. The firm has a market capitalization of $3.03 billion, a PE ratio of 6.28 and a beta of 1.72.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.28 by $0.68. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The business had revenue of $501.10 million for the quarter, compared to analysts’ expectations of $429.90 million. During the same period in the prior year, the firm earned $4.94 earnings per share. Analysts forecast that CONSOL Energy will post 11.54 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy’s dividend payout ratio (DPR) is currently 1.52%.

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.