Caprock Group LLC Invests $228,000 in CONSOL Energy Inc. (NYSE:CEIX)

Caprock Group LLC purchased a new position in CONSOL Energy Inc. (NYSE:CEIX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,238 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of CONSOL Energy by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock worth $214,602,000 after purchasing an additional 125,087 shares during the last quarter. First Trust Advisors LP boosted its position in shares of CONSOL Energy by 8.5% in the 4th quarter. First Trust Advisors LP now owns 312,233 shares of the company’s stock worth $31,389,000 after purchasing an additional 24,529 shares during the last quarter. Hennessy Advisors Inc. boosted its position in shares of CONSOL Energy by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company’s stock worth $28,466,000 after purchasing an additional 42,800 shares during the last quarter. Gendell Jeffrey L boosted its position in shares of CONSOL Energy by 32.4% in the 1st quarter. Gendell Jeffrey L now owns 185,355 shares of the company’s stock worth $15,525,000 after purchasing an additional 45,355 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its holdings in CONSOL Energy by 4.4% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 162,562 shares of the company’s stock worth $16,342,000 after acquiring an additional 6,800 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO James A. Brock sold 1,700 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $99.55, for a total value of $169,235.00. Following the sale, the chief executive officer now directly owns 529,487 shares in the company, valued at $52,710,430.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

CONSOL Energy Stock Performance

CEIX stock opened at $96.41 on Friday. The business’s 50-day moving average price is $96.57 and its two-hundred day moving average price is $92.33. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.83 billion, a PE ratio of 5.85 and a beta of 1.72. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $114.30.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.68. The firm had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. During the same period in the previous year, the company posted $4.94 earnings per share. As a group, research analysts forecast that CONSOL Energy Inc. will post 11.54 earnings per share for the current year.

CONSOL Energy Cuts Dividend

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