Citigroup Inc. lifted its position in CONSOL Energy Inc. (NYSE:CEIX – Get Rating) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,883 shares of the company’s stock after purchasing an additional 4,137 shares during the quarter. Citigroup Inc. owned about 0.06% of CONSOL Energy worth $1,292,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in shares of CONSOL Energy by 4.2% in the fourth quarter. HighTower Advisors LLC now owns 10,035 shares of the company’s stock worth $653,000 after purchasing an additional 405 shares during the period. Belpointe Asset Management LLC bought a new position in CONSOL Energy in the fourth quarter valued at $113,000. Arizona State Retirement System increased its stake in CONSOL Energy by 4.0% in the fourth quarter. Arizona State Retirement System now owns 9,346 shares of the company’s stock valued at $607,000 after acquiring an additional 358 shares during the last quarter. Bleakley Financial Group LLC bought a new position in CONSOL Energy in the fourth quarter valued at $1,942,000. Finally, Envestnet Asset Management Inc. bought a new position in CONSOL Energy in the fourth quarter valued at $3,286,000. Institutional investors own 84.04% of the company’s stock.
CONSOL Energy Stock Down 1.2 %
CEIX opened at $57.16 on Monday. The business’s fifty day simple moving average is $59.04 and its 200 day simple moving average is $60.89. The company has a quick ratio of 1.17, a current ratio of 1.38 and a debt-to-equity ratio of 0.21. CONSOL Energy Inc. has a 52 week low of $40.20 and a 52 week high of $79.17. The stock has a market cap of $1.99 billion, a PE ratio of 2.90 and a beta of 1.85.
CONSOL Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 23rd. Shareholders of record on Monday, May 15th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 12th. This represents a $4.40 annualized dividend and a yield of 7.70%. CONSOL Energy’s payout ratio is 22.30%.
Analyst Ratings Changes
Separately, Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of CONSOL Energy in a research note on Monday, March 27th.
Insider Buying and Selling at CONSOL Energy
In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $64.34, for a total transaction of $128,680.00. Following the completion of the sale, the chief accounting officer now directly owns 14,245 shares in the company, valued at $916,523.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.49% of the company’s stock.
About CONSOL Energy
CONSOL Energy, Inc engages in the production of bituminous coal which focuses on the extraction and preparation of coal in the Appalachian Basin. It operates under the Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The PAMC segment includes mining, preparation, and marketing of bituminous coal sold to power generators, and industrial and metallurgical end-users.
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