Traders Buy High Volume of Call Options on CONSOL Energy (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) saw some unusual options trading activity on Monday. Stock traders acquired 7,988 call options on the company. This represents an increase of approximately 603% compared to the typical daily volume of 1,137 call options.

CONSOL Energy Stock Up 4.1 %

CEIX opened at $88.45 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. CONSOL Energy has a 52 week low of $53.40 and a 52 week high of $114.30. The firm has a 50-day simple moving average of $83.74 and a two-hundred day simple moving average of $94.47. The company has a market capitalization of $2.62 billion, a PE ratio of 4.50 and a beta of 1.76.

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

Insider Activity at CONSOL Energy

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the completion of the transaction, the chief accounting officer now owns 13,108 shares of the company’s stock, valued at approximately $1,239,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CEIX. State Street Corp lifted its stake in CONSOL Energy by 17.5% in the first quarter. State Street Corp now owns 2,740,648 shares of the company’s stock worth $159,698,000 after purchasing an additional 407,651 shares during the last quarter. Vanguard Group Inc. lifted its stake in CONSOL Energy by 21.0% in the fourth quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock worth $244,994,000 after purchasing an additional 423,338 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in CONSOL Energy by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,140,661 shares of the company’s stock worth $215,203,000 after purchasing an additional 71,873 shares during the last quarter. Pacer Advisors Inc. lifted its stake in CONSOL Energy by 58.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock worth $121,462,000 after purchasing an additional 445,155 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in CONSOL Energy by 1.6% in the first quarter. Geode Capital Management LLC now owns 676,906 shares of the company’s stock worth $39,443,000 after purchasing an additional 10,696 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley dropped their price objective on shares of CONSOL Energy from $100.00 to $98.00 and set a “buy” rating for the company in a 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.