Strs Ohio Raises Stock Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Strs Ohio boosted its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 107.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,400 shares of the company’s stock after purchasing an additional 5,900 shares during the quarter. Strs Ohio’s holdings in CONSOL Energy were worth $1,146,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Louisiana State Employees Retirement System purchased a new position in CONSOL Energy during the fourth quarter worth approximately $1,407,000. Koshinski Asset Management Inc. purchased a new position in shares of CONSOL Energy in the fourth quarter valued at approximately $235,000. Allspring Global Investments Holdings LLC lifted its position in shares of CONSOL Energy by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,179 shares of the company’s stock valued at $320,000 after acquiring an additional 577 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of CONSOL Energy by 6,046.4% in the fourth quarter. International Assets Investment Management LLC now owns 142,350 shares of the company’s stock valued at $14,310,000 after acquiring an additional 140,034 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CONSOL Energy by 1.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,193 shares of the company’s stock valued at $1,527,000 after acquiring an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Performance

NYSE CEIX opened at $84.20 on Tuesday. The company has a market cap of $2.49 billion, a PE ratio of 4.28 and a beta of 1.76. The stock’s 50 day simple moving average is $83.77 and its 200-day simple moving average is $94.05. 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.

CONSOL Energy (NYSE:CEIX) last released its earnings results on Tuesday, February 6th. The company reported $5.05 earnings per share for the quarter, beating the consensus estimate of $4.28 by $0.77. CONSOL Energy had a return on equity of 49.80% and a net margin of 25.53%. The business had revenue of $649.90 million for the quarter, compared to the consensus estimate of $608.90 million. During the same quarter last year, the business posted $3.89 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that CONSOL Energy Inc. will post 11.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at CONSOL Energy

In related news, CAO John Rothka sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the completion of the sale, the chief accounting officer now owns 13,108 shares of the company’s stock, valued at $1,239,492.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

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.