Connor Clark & Lunn Investment Management Ltd. Purchases 804 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,828 shares of the company’s stock after purchasing an additional 804 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in CONSOL Energy were worth $715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its position in CONSOL Energy by 2,931.3% in the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after buying an additional 469 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of CONSOL Energy in the 3rd quarter valued at $51,000. CWM LLC grew its holdings in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 220 shares during the last quarter. GAMMA Investing LLC raised its position in CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after purchasing an additional 309 shares during the period. Finally, Quest Partners LLC bought a new stake in CONSOL Energy in the third quarter worth $104,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CEIX. B. Riley raised their price objective on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Benchmark boosted their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 18th.

CONSOL Energy Price Performance

Shares of CONSOL Energy stock opened at $131.39 on Friday. The firm has a market cap of $3.86 billion, a PE ratio of 9.65 and a beta of 1.73. The company’s fifty day simple moving average is $113.26 and its two-hundred day simple moving average is $102.69. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. CONSOL Energy Inc. has a 12-month low of $75.43 and a 12-month high of $134.59.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results 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 quarter in the previous year, the business earned $3.11 EPS. CONSOL Energy’s revenue was up .9% compared to the same quarter last year. As a group, equities analysts expect that CONSOL Energy Inc. will post 11.57 EPS for the current year.

CONSOL Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy’s payout ratio is 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.