Wellington Management Group LLP Increases Stock Position in CONSOL Energy Inc. (NYSE:CEIX)

Wellington Management Group LLP increased its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 16.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,560 shares of the company’s stock after purchasing an additional 8,548 shares during the period. Wellington Management Group LLP’s holdings in CONSOL Energy were worth $6,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in CONSOL Energy by 4.1% in the second quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after purchasing an additional 109 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of CONSOL Energy by 4.0% in the second quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock worth $393,000 after buying an additional 147 shares during the last quarter. Empirical Finance LLC grew its position in CONSOL Energy by 1.9% during the second quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock valued at $1,182,000 after buying an additional 217 shares during the period. CWM LLC increased its holdings in CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 220 shares during the last quarter. Finally, KBC Group NV raised its position in CONSOL Energy by 33.2% in the third quarter. KBC Group NV now owns 1,019 shares of the company’s stock worth $107,000 after acquiring an additional 254 shares during the period. Institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Performance

CEIX opened at $116.10 on Tuesday. The firm has a market cap of $3.41 billion, a P/E ratio of 8.52 and a beta of 1.76. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $134.59. The company has a 50 day simple moving average of $118.39 and a two-hundred day simple moving average of $105.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16.

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

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. CONSOL Energy’s dividend payout ratio is presently 7.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CEIX shares. B. Riley upped their price objective on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Benchmark upped 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, November 18th.

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.