State of New Jersey Common Pension Fund D Has $2.22 Million Position in CONSOL Energy Inc. (NYSE:CEIX)

State of New Jersey Common Pension Fund D boosted its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,206 shares of the company’s stock after buying an additional 1,707 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of CONSOL Energy worth $2,219,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Blue Trust Inc. raised its position in CONSOL Energy by 2,931.3% during the 2nd 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. Sound Income Strategies LLC acquired a new stake in shares of CONSOL Energy in the third quarter valued at about $51,000. CWM LLC raised 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 acquiring an additional 220 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of CONSOL Energy in the first quarter worth approximately $56,000. Finally, GAMMA Investing LLC boosted 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 acquiring an additional 309 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 7th.

CONSOL Energy Price Performance

CEIX stock opened at $123.61 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 9.08 and a beta of 1.73. The company’s fifty day simple moving average is $106.17 and its 200 day simple moving average is $99.61. CONSOL Energy Inc. has a 12-month low of $75.43 and a 12-month high of $130.47.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company had revenue of $574.90 million for the quarter, compared to the consensus estimate of $554.00 million. During the same period in the previous year, the business earned $3.11 EPS. The firm’s revenue was up .9% compared to the same quarter last year. On average, analysts expect that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is presently 7.34%.

CONSOL Energy 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.