Avior Wealth Management LLC Invests $145,000 in CONSOL Energy Inc. (NYSE:CEIX)

Avior Wealth Management LLC bought a new stake in shares of CONSOL Energy Inc. (NYSE:CEIX) in the third quarter, Holdings Channel reports. The fund bought 1,384 shares of the company’s stock, valued at approximately $145,000.

Several other hedge funds also recently added to or reduced their stakes in CEIX. Blue Trust Inc. lifted its stake in shares of CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after purchasing an additional 469 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of CONSOL Energy in the third quarter valued at approximately $51,000. CWM LLC increased its position in shares of CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 220 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of CONSOL Energy during the 1st quarter valued at approximately $56,000. Finally, GAMMA Investing LLC grew its stake in CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after acquiring an additional 309 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

CONSOL Energy Trading Down 0.7 %

Shares of CEIX stock opened at $131.73 on Friday. CONSOL Energy Inc. has a fifty-two week low of $75.43 and a fifty-two week high of $133.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The stock’s fifty day moving average is $111.05 and its two-hundred day moving average is $101.63. The firm has a market capitalization of $3.87 billion, a P/E ratio of 9.67 and a beta of 1.73.

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

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.76%. CONSOL Energy’s dividend payout ratio is presently 7.34%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CEIX. B. Riley increased their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th. Benchmark raised their price target on shares of CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th.

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.