CONSOL Energy Inc. (NYSE:CEIX) Shares Acquired by KBC Group NV

KBC Group NV grew its position in CONSOL Energy Inc. (NYSE:CEIX) by 33.2% during the 3rd quarter, Holdings Channel reports. The fund owned 1,019 shares of the company’s stock after buying an additional 254 shares during the quarter. KBC Group NV’s holdings in CONSOL Energy were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of CONSOL Energy by 2,931.3% during the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after purchasing an additional 469 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of CONSOL Energy during the 3rd quarter valued at $51,000. CWM LLC grew its stake in shares of CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 220 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in CONSOL Energy in the first quarter valued at approximately $56,000. Finally, GAMMA Investing LLC lifted its holdings in CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after buying an additional 309 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CEIX. B. Riley raised their price target on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Benchmark boosted their price target on CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday.

CONSOL Energy Price Performance

NYSE CEIX opened at $132.64 on Friday. The stock has a market capitalization of $3.90 billion, a P/E ratio of 9.73 and a beta of 1.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The business’s fifty day moving average is $109.57 and its two-hundred day moving average is $101.07. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $133.12.

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

CONSOL Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.75%. CONSOL Energy’s payout ratio is 7.34%.

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.