Victory Capital Management Inc. Buys 226,069 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Victory Capital Management Inc. increased its position in CONSOL Energy Inc. (NYSE:CEIX) by 578.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,133 shares of the company’s stock after purchasing an additional 226,069 shares during the quarter. Victory Capital Management Inc. owned approximately 0.90% of CONSOL Energy worth $27,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lake Street Advisors Group LLC acquired a new position in CONSOL Energy in the 1st quarter worth $750,000. Samlyn Capital LLC bought a new stake in shares of CONSOL Energy in the second quarter valued at about $36,033,000. Janus Henderson Group PLC boosted its position in shares of CONSOL Energy by 53.8% during the first quarter. Janus Henderson Group PLC now owns 23,860 shares of the company’s stock worth $1,999,000 after buying an additional 8,347 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of CONSOL Energy during the third quarter worth about $3,619,000. Finally, O Shaughnessy Asset Management LLC raised its position in CONSOL Energy by 14.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 70,357 shares of the company’s stock valued at $5,893,000 after buying an additional 8,656 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Up 0.4 %

Shares of CEIX stock opened at $124.15 on Monday. The firm’s fifty day moving average price is $107.43 and its two-hundred day moving average price is $100.28. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $130.47. The firm has a market capitalization of $3.65 billion, a P/E ratio of 9.12 and a beta of 1.73.

CONSOL Energy (NYSE:CEIX) last released its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $554.00 million. During the same quarter in the previous year, the business earned $3.11 earnings per share. CONSOL Energy’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, November 15th. CONSOL Energy’s payout ratio is presently 7.34%.

Analyst Ratings Changes

Separately, B. Riley upped their price target on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, October 7th.

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.