Citizens Financial Group Inc. RI Invests $245,000 in CONSOL Energy Inc. (NYSE:CEIX)

Citizens Financial Group Inc. RI purchased a new position in shares of CONSOL Energy Inc. (NYSE:CEIX) during the second quarter, Holdings Channel.com reports. The fund purchased 2,400 shares of the company’s stock, valued at approximately $245,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in 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 buying an additional 125,087 shares during the period. American Century Companies Inc. boosted its holdings in shares of CONSOL Energy by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock valued at $62,370,000 after acquiring an additional 38,669 shares during the last quarter. First Trust Advisors LP boosted its holdings 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 valued at $31,389,000 after acquiring an additional 24,529 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings 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 valued at $28,466,000 after acquiring an additional 42,800 shares during the last quarter. Finally, Gendell Jeffrey L boosted its holdings 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 valued at $15,525,000 after acquiring an additional 45,355 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Insider Buying and Selling

In related news, CEO James A. Brock sold 1,700 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $99.55, for a total transaction of $169,235.00. Following the sale, the chief executive officer now directly owns 529,487 shares of the company’s stock, valued at $52,710,430.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, B. Riley upped their price objective 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 Stock Up 3.6 %

CEIX stock opened at $97.70 on Friday. The firm’s fifty day simple moving average is $96.16 and its 200-day simple moving average is $92.74. The company has a market capitalization of $2.87 billion, a P/E ratio of 5.92 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $114.30.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings data 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 the consensus estimate of $429.90 million. During the same period in the prior year, the firm earned $4.94 EPS. As a group, equities 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. Investors of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy’s dividend payout ratio (DPR) is presently 1.52%.

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.