Citadel Advisors LLC Cuts Position in Consol Energy Inc (NYSE:CEIX)

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Citadel Advisors LLC cut its stake in Consol Energy Inc (NYSE:CEIX) by 15.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 751,892 shares of the company’s stock after selling 132,463 shares during the quarter. Citadel Advisors LLC owned about 2.76% of Consol Energy worth $20,008,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Comerica Bank increased its holdings in shares of Consol Energy by 1.3% in the 1st quarter. Comerica Bank now owns 27,226 shares of the company’s stock valued at $927,000 after acquiring an additional 352 shares during the period. Texas Permanent School Fund boosted its position in shares of Consol Energy by 2.5% in the 1st quarter. Texas Permanent School Fund now owns 18,630 shares of the company’s stock worth $638,000 after purchasing an additional 452 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Consol Energy by 33.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,812 shares of the company’s stock worth $62,000 after purchasing an additional 455 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Consol Energy by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 42,831 shares of the company’s stock worth $1,140,000 after purchasing an additional 504 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Consol Energy by 164.0% in the 2nd quarter. Bank of Montreal Can now owns 3,789 shares of the company’s stock worth $102,000 after purchasing an additional 2,354 shares in the last quarter. Institutional investors and hedge funds own 88.48% of the company’s stock.

A number of research firms have recently weighed in on CEIX. B. Riley set a $27.00 price objective on Consol Energy and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Zacks Investment Research raised Consol Energy from a “sell” rating to a “hold” rating in a report on Friday, August 9th.

Shares of CEIX stock traded down $0.33 on Friday, hitting $16.38. The company had a trading volume of 679,587 shares, compared to its average volume of 297,818. The firm has a market cap of $460.81 million, a P/E ratio of 3.04 and a beta of 1.14. The company has a 50-day moving average price of $17.43 and a 200-day moving average price of $26.74. The company has a quick ratio of 0.85, a current ratio of 0.97 and a debt-to-equity ratio of 1.28. Consol Energy Inc has a twelve month low of $15.92 and a twelve month high of $42.74.

Consol Energy (NYSE:CEIX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.38. The business had revenue of $350.62 million during the quarter, compared to analysts’ expectations of $379.90 million. Consol Energy had a return on equity of 22.28% and a net margin of 7.06%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 EPS. Equities research analysts expect that Consol Energy Inc will post 4.01 EPS for the current year.

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.

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

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