CONSOL Energy Inc. (NYSE:CEIX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 5.0% during the second quarter, Holdings Channel reports. The fund owned 21,957 shares of the company’s stock after selling 1,156 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CONSOL Energy were worth $2,240,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CEIX. Parallel Advisors LLC boosted its stake in CONSOL Energy by 101.4% during the 4th quarter. Parallel Advisors LLC now owns 298 shares of the company’s stock valued at $30,000 after acquiring an additional 150 shares during the last quarter. Blue Trust Inc. lifted its position in shares of CONSOL Energy by 2,931.3% during the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after purchasing an additional 469 shares during the last quarter. CWM LLC lifted its position in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock worth $54,000 after purchasing an additional 220 shares during the last quarter. EntryPoint Capital LLC acquired a new position in CONSOL Energy in the first quarter worth about $56,000. Finally, GAMMA Investing LLC increased its holdings in CONSOL Energy by 54.1% in the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after buying an additional 309 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley increased their target price on CONSOL Energy from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, September 6th.

CONSOL Energy Stock Performance

CONSOL Energy stock opened at $103.05 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $114.30. The company has a fifty day moving average price of $96.06 and a two-hundred day moving average price of $93.49. The company has a market cap of $3.03 billion, a PE ratio of 6.28 and a beta of 1.72.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.28 by $0.68. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The business had revenue of $501.10 million during the quarter, compared to analyst estimates of $429.90 million. During the same period in the previous year, the business posted $4.94 EPS. Research analysts expect that CONSOL Energy Inc. will post 11.54 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.25 per share. This represents a dividend yield of 0.5%. The ex-dividend date was Friday, August 30th. CONSOL Energy’s payout ratio is 1.52%.

CONSOL Energy Company Profile

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.