Monetary Management Group Inc. purchased a new stake in shares of Consol Energy Inc (NYSE:CEIX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,750 shares of the company’s stock, valued at approximately $221,000.
Several other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its stake in Consol Energy by 246.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,889 shares of the company’s stock valued at $111,000 after buying an additional 2,054 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in Consol Energy in the 2nd quarter valued at $187,000. Deutsche Bank AG acquired a new position in Consol Energy in the 4th quarter valued at $189,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Consol Energy in the 2nd quarter valued at $205,000. Finally, NumerixS Investment Technologies Inc grew its stake in Consol Energy by 1,275.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,500 shares of the company’s stock valued at $211,000 after buying an additional 5,100 shares during the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.
NYSE CEIX opened at $42.60 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $1.20 billion and a price-to-earnings ratio of 9.47. Consol Energy Inc has a 52-week low of $19.51 and a 52-week high of $48.12.
Consol Energy (NYSE:CEIX) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. The company had revenue of $370.70 million for the quarter, compared to analyst estimates of $413.40 million. Consol Energy had a net margin of 5.70% and a return on equity of 28.97%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. research analysts forecast that Consol Energy Inc will post 5.1 EPS for the current fiscal year.
In other Consol Energy news, Director John T. Mills sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $42.33, for a total value of $253,980.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.71% of the company’s stock.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Consol Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Seaport Global Securities reiterated a “buy” rating and issued a $52.00 target price on shares of Consol Energy in a research note on Thursday, August 2nd. B. Riley raised their target price on shares of Consol Energy from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, July 10th. Finally, Stifel Nicolaus began coverage on shares of Consol Energy in a research note on Wednesday, June 27th. They issued a “hold” rating and a $40.00 target price on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Consol Energy currently has an average rating of “Hold” and a consensus target price of $45.75.
About Consol Energy
CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.
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