Ritholtz Wealth Management Raises Stake in CONSOL Energy Inc. (NYSE:CEIX)

Ritholtz Wealth Management lifted its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,736 shares of the company’s stock after buying an additional 1,514 shares during the quarter. Ritholtz Wealth Management’s holdings in CONSOL Energy were worth $1,884,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CEIX. Pacer Advisors Inc. lifted its holdings in shares of CONSOL Energy by 58.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,208,213 shares of the company’s stock worth $121,462,000 after acquiring an additional 445,155 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in CONSOL Energy by 29.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,507 shares of the company’s stock worth $1,157,000 after purchasing an additional 2,615 shares during the period. Vest Financial LLC purchased a new position in CONSOL Energy during the fourth quarter worth approximately $249,000. Range Financial Group LLC boosted its holdings in shares of CONSOL Energy by 2.2% in the 4th quarter. Range Financial Group LLC now owns 11,579 shares of the company’s stock valued at $1,164,000 after purchasing an additional 252 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of CONSOL Energy during the 3rd quarter valued at $562,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley cut their target price on CONSOL Energy from $111.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

Insider Activity at CONSOL Energy

In other news, CAO John Rothka sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $94.56, for a total value of $189,120.00. Following the completion of the sale, the chief accounting officer now owns 13,108 shares in the company, valued at $1,239,492.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.49% of the company’s stock.

CONSOL Energy Trading Up 1.0 %

Shares of NYSE CEIX traded up $0.86 during midday trading on Thursday, hitting $83.83. The stock had a trading volume of 564,420 shares, compared to its average volume of 610,135. The company has a quick ratio of 1.16, a current ratio of 1.35 and a debt-to-equity ratio of 0.14. CONSOL Energy Inc. has a 1-year low of $53.40 and a 1-year high of $114.30. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 4.22 and a beta of 1.77. The company has a fifty day moving average price of $86.97 and a 200 day moving average price of $95.88.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $5.05 EPS for the quarter, beating the consensus estimate of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The firm had revenue of $649.90 million for the quarter, compared to analyst estimates of $608.90 million. During the same quarter last year, the firm posted $3.89 earnings per share. CONSOL Energy’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts predict that CONSOL Energy Inc. will post 12.66 earnings per share for the current year.

CONSOL Energy Company 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.