Belpointe Asset Management LLC Acquires New Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Posted by Defense World Staff on May 19th, 2023

Belpointe Asset Management LLC acquired a new stake in CONSOL Energy Inc. (NYSE:CEIX – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,744 shares of the company’s stock, valued at approximately $113,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in CONSOL Energy by 152.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,970 shares of the company’s stock valued at $642,000 after purchasing an additional 6,026 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in CONSOL Energy by 575.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 37,902 shares of the company’s stock valued at $2,438,000 after purchasing an additional 32,291 shares during the last quarter. First Republic Investment Management Inc. bought a new position in CONSOL Energy in the 3rd quarter valued at approximately $10,814,000. Ergoteles LLC bought a new position in CONSOL Energy in the 3rd quarter valued at approximately $1,372,000. Finally, Aigen Investment Management LP acquired a new position in CONSOL Energy in the 3rd quarter valued at approximately $565,000. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at CONSOL Energy

In other news, CAO John Rothka sold 2,000 shares of the stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $64.34, for a total transaction of $128,680.00. Following the completion of the sale, the chief accounting officer now directly owns 14,245 shares in the company, valued at $916,523.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.49% of the company’s stock.

CONSOL Energy Trading Up 0.7 %

Shares of NYSE CEIX opened at $57.78 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.17 and a current ratio of 1.38. CONSOL Energy Inc. has a 52-week low of $40.20 and a 52-week high of $79.17. The firm has a 50 day moving average price of $58.59 and a two-hundred day moving average price of $61.22. The stock has a market cap of $2.01 billion, a P/E ratio of 2.93 and a beta of 1.85.

CONSOL Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 23rd. Shareholders of record on Monday, May 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 7.62%. The ex-dividend date is Friday, May 12th. CONSOL Energy’s dividend payout ratio (DPR) is currently 22.30%.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “buy” rating and issued a $80.00 price target on shares of CONSOL Energy in a research report on Monday, March 27th.

CONSOL Energy Company Profile

(Get Rating)

CONSOL Energy, Inc engages in the production of bituminous coal which focuses on the extraction and preparation of coal in the Appalachian Basin. It operates under the Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The PAMC segment includes mining, preparation, and marketing of bituminous coal sold to power generators, and industrial and metallurgical end-users.