Seven Eight Capital LP Sells 17,386 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Seven Eight Capital LP decreased its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 67.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,576 shares of the company’s stock after selling 17,386 shares during the period. Seven Eight Capital LP’s holdings in CONSOL Energy were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in CONSOL Energy by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock valued at $214,602,000 after purchasing an additional 125,087 shares in the last quarter. American Century Companies Inc. lifted its position in shares of CONSOL Energy by 6.8% during the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock valued at $62,370,000 after buying an additional 38,669 shares in the last quarter. First Trust Advisors LP lifted its position in shares of CONSOL Energy by 8.5% during the 4th quarter. First Trust Advisors LP now owns 312,233 shares of the company’s stock valued at $31,389,000 after buying an additional 24,529 shares in the last quarter. Hennessy Advisors Inc. grew its stake in shares of CONSOL Energy by 18.1% during 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 period. Finally, Gendell Jeffrey L increased its holdings in 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 acquiring an additional 45,355 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

CONSOL Energy Trading Down 0.4 %

Shares of CEIX stock opened at $97.33 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55. The stock has a fifty day simple moving average of $96.08 and a two-hundred day simple moving average of $92.79. The firm has a market capitalization of $2.86 billion, a PE ratio of 5.90 and a beta of 1.73. CONSOL Energy Inc. has a 52-week low of $75.43 and a 52-week high of $114.30.

CONSOL Energy (NYSE:CEIX) last released its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The firm had revenue of $501.10 million during the quarter, compared to analysts’ expectations of $429.90 million. During the same quarter last year, the business posted $4.94 earnings per share. On average, analysts predict that CONSOL Energy Inc. will post 11.54 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.25 dividend. This represents a dividend 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%.

Insider Buying and Selling

In other CONSOL Energy news, CEO James A. Brock sold 1,700 shares of CONSOL Energy stock in a transaction on Thursday, June 27th. The shares were 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 approximately $52,710,430.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

CONSOL Energy Company 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.