Navellier & Associates Inc. Has $278,000 Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Navellier & Associates Inc. decreased its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 78.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,654 shares of the company’s stock after selling 9,684 shares during the quarter. Navellier & Associates Inc.’s holdings in CONSOL Energy were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CEIX. Samlyn Capital LLC bought a new position in CONSOL Energy in the second quarter valued at approximately $36,033,000. Janus Henderson Group PLC boosted its holdings in shares of CONSOL Energy by 53.8% in the 1st quarter. Janus Henderson Group PLC now owns 23,860 shares of the company’s stock valued at $1,999,000 after buying an additional 8,347 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of CONSOL Energy in the third quarter valued at $3,619,000. Royce & Associates LP increased its holdings in CONSOL Energy by 141.5% during the third quarter. Royce & Associates LP now owns 10,695 shares of the company’s stock worth $1,119,000 after buying an additional 6,266 shares during the last quarter. Finally, Hourglass Capital LLC raised its position in CONSOL Energy by 41.3% during the third quarter. Hourglass Capital LLC now owns 47,120 shares of the company’s stock worth $4,931,000 after acquiring an additional 13,770 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Analyst Ratings Changes

CEIX has been the subject of a number of analyst reports. B. Riley lifted their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Benchmark lifted their price target on CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 18th.

CONSOL Energy Trading Down 0.7 %

Shares of CONSOL Energy stock opened at $131.76 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The business has a fifty day simple moving average of $110.35 and a two-hundred day simple moving average of $101.29. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $133.12. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 9.67 and a beta of 1.73.

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

CONSOL Energy Cuts Dividend

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

About CONSOL Energy

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.