Fmr LLC lifted its holdings in shares of Consol Energy Inc (NYSE:CEIX) by 53.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,995 shares of the company’s stock after purchasing an additional 31,704 shares during the period. Fmr LLC owned 0.32% of Consol Energy worth $3,490,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CEIX. Meeder Asset Management Inc. raised its stake in Consol Energy by 246.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,889 shares of the company’s stock worth $111,000 after buying an additional 2,054 shares during the period. Pinebridge Investments L.P. acquired a new position in Consol Energy during the 2nd quarter worth approximately $187,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Consol Energy during the 2nd quarter worth approximately $205,000. Piedmont Investment Advisors LLC acquired a new position in Consol Energy during the 2nd quarter worth approximately $227,000. Finally, Cubist Systematic Strategies LLC raised its stake in Consol Energy by 258.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 8,322 shares of the company’s stock worth $241,000 after buying an additional 6,002 shares during the period. Institutional investors own 88.26% of the company’s stock.
A number of research firms recently weighed in on CEIX. Seaport Global Securities reaffirmed a “buy” rating and set a $52.00 price target on shares of Consol Energy in a research note on Thursday, August 2nd. Zacks Investment Research downgraded Consol Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Stifel Nicolaus began coverage on Consol Energy in a research note on Wednesday, June 27th. They set a “hold” rating and a $40.00 price target on the stock. Finally, B. Riley upped their price target on Consol Energy from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, July 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $45.75.
Consol Energy (NYSE:CEIX) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. The firm had revenue of $370.70 million during the quarter, compared to the consensus estimate of $413.40 million. Consol Energy had a return on equity of 28.97% and a net margin of 5.70%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities research analysts predict that Consol Energy Inc will post 5.1 earnings per share for the current fiscal year.
Consol Energy Profile
CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.
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