State Board of Administration of Florida Retirement System reduced its stake in CONSOL Energy Inc. (NYSE:CEIX – Free Report) by 17.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,283 shares of the company’s stock after selling 1,900 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in CONSOL Energy were worth $541,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of CEIX. Envestnet Asset Management Inc. bought a new position in CONSOL Energy in the 1st quarter valued at about $257,000. ProShare Advisors LLC acquired a new position in shares of CONSOL Energy during the 1st quarter worth approximately $284,000. HighTower Advisors LLC acquired a new position in shares of CONSOL Energy during the 1st quarter worth approximately $315,000. Citigroup Inc. grew its position in shares of CONSOL Energy by 6.3% during 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of CONSOL Energy during the 1st quarter worth approximately $1,091,000. 87.63% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, B. Riley decreased their target price on shares of CONSOL Energy from $84.00 to $81.00 in a research report on Monday, June 26th.
Insider Activity at CONSOL Energy
In related news, Director John T. Mills sold 8,507 shares of CONSOL Energy stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $80.49, for a total value of $684,728.43. Following the transaction, the director now directly owns 69,117 shares of the company’s stock, valued at $5,563,227.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joseph P. Platt, Jr. sold 10,227 shares of CONSOL Energy stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $98.33, for a total value of $1,005,620.91. Following the transaction, the director now directly owns 33,957 shares of the company’s stock, valued at $3,338,991.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Mills sold 8,507 shares of CONSOL Energy stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $80.49, for a total transaction of $684,728.43. Following the completion of the transaction, the director now directly owns 69,117 shares in the company, valued at $5,563,227.33. The disclosure for this sale can be found here. Insiders have sold 35,113 shares of company stock valued at $3,005,602 over the last three months. 2.49% of the stock is owned by insiders.
CONSOL Energy Stock Performance
Shares of NYSE:CEIX opened at $93.44 on Friday. The company’s 50 day moving average price is $82.02 and its two-hundred day moving average price is $67.93. CONSOL Energy Inc. has a 12-month low of $49.35 and a 12-month high of $100.70. The firm has a market cap of $2.99 billion, a PE ratio of 4.42 and a beta of 1.84. The company has a quick ratio of 1.16, a current ratio of 1.40 and a debt-to-equity ratio of 0.16.
CONSOL Energy (NYSE:CEIX – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported $4.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.51. The firm had revenue of $660.97 million for the quarter, compared to analyst estimates of $588.20 million. CONSOL Energy had a net margin of 29.17% and a return on equity of 53.65%. Equities research analysts predict that CONSOL Energy Inc. will post 20.63 earnings per share for the current year.
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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