Navellier & Associates Inc. Has $278,000 Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Navellier & Associates Inc. trimmed its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 78.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,654 shares of the company’s stock after selling 9,684 shares during the quarter. Navellier & Associates Inc.’s holdings in CONSOL Energy were worth $278,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Samlyn Capital LLC acquired a new position in shares of CONSOL Energy during the 2nd quarter worth approximately $36,033,000. Janus Henderson Group PLC boosted its stake in shares of CONSOL Energy by 53.8% in the first quarter. Janus Henderson Group PLC now owns 23,860 shares of the company’s stock valued at $1,999,000 after buying an additional 8,347 shares during the period. Janney Montgomery Scott LLC acquired a new stake in CONSOL Energy during the third quarter worth approximately $3,619,000. Royce & Associates LP increased its stake in CONSOL Energy by 141.5% during the 3rd quarter. Royce & Associates LP now owns 10,695 shares of the company’s stock worth $1,119,000 after acquiring an additional 6,266 shares during the period. Finally, Hourglass Capital LLC raised its holdings in CONSOL Energy by 41.3% in the 3rd quarter. Hourglass Capital LLC now owns 47,120 shares of the company’s stock valued at $4,931,000 after acquiring an additional 13,770 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

CEIX has been the topic of several analyst reports. Benchmark increased their target price on CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 18th. B. Riley increased their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 7th.

CONSOL Energy Stock Down 0.7 %

Shares of CEIX opened at $131.76 on Friday. The firm has a 50 day simple moving average of $110.35 and a two-hundred day simple moving average of $101.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. CONSOL Energy Inc. has a one year low of $75.43 and a one year high of $133.12. The company has a market cap of $3.87 billion, a P/E ratio of 9.67 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. The company had revenue of $574.90 million during the quarter, compared to analysts’ expectations of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. CONSOL Energy’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.11 EPS. Research analysts forecast that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.76%. CONSOL Energy’s payout ratio is currently 7.34%.

CONSOL Energy 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.