Consol Energy Inc (NYSE:CEIX) Shares Sold by California Public Employees Retirement System

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California Public Employees Retirement System cut its position in shares of Consol Energy Inc (NYSE:CEIX) by 2.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 49,679 shares of the company’s stock after selling 1,200 shares during the period. California Public Employees Retirement System’s holdings in Consol Energy were worth $1,700,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its position in shares of Consol Energy by 8.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,376 shares of the company’s stock valued at $150,000 after purchasing an additional 342 shares during the period. Comerica Bank increased its position in shares of Consol Energy by 1.3% during the 1st quarter. Comerica Bank now owns 27,226 shares of the company’s stock valued at $927,000 after purchasing an additional 352 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Consol Energy by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 19,797 shares of the company’s stock valued at $628,000 after purchasing an additional 435 shares during the period. Texas Permanent School Fund increased its position in shares of Consol Energy by 2.5% during the 1st quarter. Texas Permanent School Fund now owns 18,630 shares of the company’s stock valued at $638,000 after purchasing an additional 452 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Consol Energy by 33.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,812 shares of the company’s stock valued at $62,000 after purchasing an additional 455 shares during the period. Institutional investors own 83.87% of the company’s stock.

Shares of CEIX stock opened at $25.53 on Friday. Consol Energy Inc has a 1 year low of $25.31 and a 1 year high of $47.49. The firm has a market cap of $713.47 million, a PE ratio of 5.87 and a beta of 1.20. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.97.

Consol Energy (NYSE:CEIX) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.42. Consol Energy had a return on equity of 24.27% and a net margin of 7.04%. The company had revenue of $332.50 million for the quarter, compared to analysts’ expectations of $366.50 million. During the same period last year, the firm earned $2.20 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, research analysts expect that Consol Energy Inc will post 3.89 earnings per share for the current year.

CEIX has been the topic of several research analyst reports. Zacks Investment Research upgraded Consol Energy from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, February 20th. ValuEngine cut Consol Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.50.

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About Consol Energy

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.

Further Reading: Fundamental Analysis and Individual Investors

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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