Los Angeles Capital Management LLC Sells 4,955 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Los Angeles Capital Management LLC cut its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,830 shares of the company’s stock after selling 4,955 shares during the period. Los Angeles Capital Management LLC’s holdings in CONSOL Energy were worth $1,390,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in CONSOL Energy by 866.7% during the third quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock worth $49,000 after acquiring an additional 416 shares during the period. GAMMA Investing LLC bought a new stake in shares of CONSOL Energy during the 4th quarter worth $74,000. CI Investments Inc. purchased a new position in shares of CONSOL Energy in the 3rd quarter worth about $182,000. Xponance Inc. bought a new position in CONSOL Energy during the third quarter valued at about $208,000. Finally, Journey Strategic Wealth LLC purchased a new stake in CONSOL Energy during the third quarter worth about $216,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

CONSOL Energy Stock Performance

NYSE:CEIX opened at $85.69 on Thursday. CONSOL Energy Inc. has a 1 year low of $53.40 and a 1 year high of $114.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.35 and a quick ratio of 1.16. The business has a fifty day simple moving average of $84.70 and a two-hundred day simple moving average of $92.24. The company has a market capitalization of $2.54 billion, a P/E ratio of 4.36 and a beta of 1.77.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $2.19 by $1.20. The company had revenue of $565.00 million during the quarter, compared to analyst estimates of $516.85 million. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $6.55 EPS. On average, analysts expect that CONSOL Energy Inc. will post 11.02 earnings per share for the current year.

Insider Activity at CONSOL Energy

In related news, CAO John Rothka sold 2,000 shares of CONSOL Energy stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total value of $189,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,108 shares in the company, valued at approximately $1,239,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, B. Riley reduced their target price on shares of CONSOL Energy from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th.

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.