Ancora Advisors LLC Decreases Stake in Consol Energy Inc (CEIX)

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Ancora Advisors LLC lessened its position in Consol Energy Inc (NYSE:CEIX) by 2.9% during the 4th quarter, HoldingsChannel reports. The fund owned 204,134 shares of the company’s stock after selling 6,070 shares during the quarter. Ancora Advisors LLC’s holdings in Consol Energy were worth $6,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Consol Energy by 0.8% in the fourth quarter. BlackRock Inc. now owns 4,155,485 shares of the company’s stock valued at $131,769,000 after acquiring an additional 31,735 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Consol Energy by 8.0% in the third quarter. Vanguard Group Inc. now owns 2,901,368 shares of the company’s stock valued at $118,405,000 after purchasing an additional 216,099 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Consol Energy by 8.0% in the third quarter. Vanguard Group Inc now owns 2,901,368 shares of the company’s stock valued at $118,405,000 after purchasing an additional 216,099 shares during the last quarter. Capital International Investors acquired a new stake in shares of Consol Energy in the third quarter valued at approximately $31,806,000. Finally, Lancaster Investment Management LLP acquired a new stake in shares of Consol Energy in the fourth quarter valued at approximately $20,622,000. Institutional investors and hedge funds own 83.34% of the company’s stock.

NYSE:CEIX opened at $36.39 on Friday. Consol Energy Inc has a one year low of $26.62 and a one year high of $48.12. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $1.03 billion, a P/E ratio of 6.76 and a beta of 0.94.

Consol Energy (NYSE:CEIX) last posted its quarterly earnings results on Friday, February 8th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $0.76 by $0.65. The firm had revenue of $347.80 million during the quarter, compared to analysts’ expectations of $352.30 million. Consol Energy had a return on equity of 32.47% and a net margin of 9.99%. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter last year, the firm earned ($1.04) earnings per share. As a group, equities research analysts anticipate that Consol Energy Inc will post 3.86 earnings per share for the current year.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Consol Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine raised Consol Energy from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Seaport Global Securities set a $50.00 price target on Consol Energy and gave the company a “buy” rating in a report on Saturday, February 9th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.50.

In other Consol Energy news, SVP James J. Mccaffrey sold 1,738 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.40, for a total transaction of $66,739.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is owned by company insiders.

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Consol Energy Company Profile

CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.

Read More: Return on Equity (ROE)

Want to see what other hedge funds are holding CEIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consol Energy Inc (NYSE:CEIX).

Institutional Ownership by Quarter for Consol Energy (NYSE:CEIX)

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