Mountain Lake Investment Management LLC Trims Stock Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Mountain Lake Investment Management LLC lowered its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 14.4% in the first quarter, HoldingsChannel reports. The firm owned 652,000 shares of the company’s stock after selling 109,500 shares during the period. CONSOL Energy comprises about 3.5% of Mountain Lake Investment Management LLC’s portfolio, making the stock its 14th largest holding. Mountain Lake Investment Management LLC’s holdings in CONSOL Energy were worth $6,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Great West Life Assurance Co. Can lifted its holdings in CONSOL Energy by 4.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 23,721 shares of the company’s stock worth $232,000 after buying an additional 1,063 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in CONSOL Energy by 6.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,565 shares of the company’s stock worth $127,000 after buying an additional 1,108 shares during the last quarter. Barclays PLC lifted its holdings in CONSOL Energy by 3.3% during the 4th quarter. Barclays PLC now owns 43,543 shares of the company’s stock worth $314,000 after buying an additional 1,382 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in CONSOL Energy by 5.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 26,163 shares of the company’s stock worth $254,000 after buying an additional 1,420 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in CONSOL Energy by 13.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the company’s stock worth $132,000 after buying an additional 1,600 shares during the last quarter. 66.73% of the stock is owned by hedge funds and other institutional investors.

CEIX has been the topic of a number of research analyst reports. Zacks Investment Research raised CONSOL Energy from a “sell” rating to a “hold” rating in a report on Monday, May 10th. B. Riley raised their price target on CONSOL Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, May 5th.

Shares of NYSE CEIX traded down $0.14 during mid-day trading on Thursday, hitting $19.23. The company had a trading volume of 3,906 shares, compared to its average volume of 360,031. The firm has a market cap of $662.28 million, a PE ratio of 71.74 and a beta of 2.76. CONSOL Energy Inc. has a 12 month low of $3.66 and a 12 month high of $19.98. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 1.00. The firm’s 50 day simple moving average is $16.79.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Tuesday, May 4th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.14 by $0.61. CONSOL Energy had a return on equity of 2.54% and a net margin of 1.33%. The firm had revenue of $342.15 million for the quarter, compared to analysts’ expectations of $263.60 million. Equities analysts anticipate that CONSOL Energy Inc. will post 1.75 earnings per share for the current year.

In other news, Director John T. Mills sold 15,702 shares of CONSOL Energy stock in a transaction on Wednesday, June 2nd. The stock was sold at an average price of $16.58, for a total transaction of $260,339.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.77% of the stock is owned by company insiders.

CONSOL Energy Profile

CONSOL Energy Inc produces and exports bituminous coal. It operates through PAMC, CONSOL Marine Terminal, and Other segments. The company mines, prepares, and markets thermal coal; and offers coal export terminal services, as well as develops the Itmann Mine and the Greenfield reserves. It owns and operates the Pennsylvania Mining Complex (PAMC), which includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the Central Preparation Plant; 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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