Federated Hermes Inc. trimmed its stake in CONSOL Energy Inc. (NYSE:CEIX – Free Report) by 24.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,526 shares of the company’s stock after selling 52,449 shares during the quarter. Federated Hermes Inc. owned about 0.46% of CONSOL Energy worth $9,296,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of CEIX. Envestnet Asset Management Inc. purchased a new stake in shares of CONSOL Energy during the 1st quarter valued at $257,000. ProShare Advisors LLC purchased a new stake in CONSOL Energy during the first quarter valued at about $284,000. HighTower Advisors LLC acquired a new stake in CONSOL Energy during the first quarter worth about $315,000. Citigroup Inc. raised its holdings in shares of CONSOL Energy by 6.3% in the 1st quarter. Citigroup Inc. now owns 29,430 shares of the company’s stock worth $1,107,000 after purchasing an additional 1,739 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of CONSOL Energy in the 1st quarter valued at about $1,091,000. Institutional investors and hedge funds own 82.29% of the company’s stock.
Analysts Set New Price Targets
Separately, B. Riley dropped their target price on shares of CONSOL Energy from $84.00 to $81.00 in a research report on Monday, June 26th.
CONSOL Energy Stock Performance
Shares of CEIX stock opened at $79.93 on Friday. The company’s fifty day simple moving average is $68.06 and its 200-day simple moving average is $61.35. The company has a current ratio of 1.40, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. CONSOL Energy Inc. has a 52 week low of $49.35 and a 52 week high of $84.21. The company has a market cap of $2.56 billion, a PE ratio of 3.78 and a beta of 1.86.
CONSOL Energy Profile
CONSOL Energy Inc produces and exports bituminous coal in the United States. It operates through Pennsylvania Mining Complex and CONSOL Marine Terminal segment. The company's Pennsylvania Mining Complex segment engages in mining, preparation, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.
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