Anchor Bolt Capital LP purchased a new stake in shares of Consol Energy Inc (NYSE:CEIX) in the fourth quarter, HoldingsChannel reports. The firm purchased 282,002 shares of the company’s stock, valued at approximately $8,942,000.
A number of other large investors have also recently bought and sold shares of CEIX. Quantbot Technologies LP purchased a new stake in shares of Consol Energy in the 3rd quarter worth about $100,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Consol Energy in the 4th quarter worth about $128,000. American Century Companies Inc. purchased a new stake in shares of Consol Energy in the 3rd quarter worth about $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Consol Energy by 25.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,685 shares of the company’s stock worth $273,000 after buying an additional 1,349 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Consol Energy in the 4th quarter worth about $317,000. Institutional investors own 83.83% of the company’s stock.
Shares of CEIX stock opened at $36.75 on Friday. Consol Energy Inc has a one year low of $26.62 and a one year high of $48.12. The stock has a market cap of $991.88 million, a P/E ratio of 6.83 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.
Consol Energy (NYSE:CEIX) last announced its quarterly earnings data on Friday, February 8th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.65. Consol Energy had a net margin of 9.99% and a return on equity of 32.47%. The company had revenue of $347.80 million for the quarter, compared to the consensus estimate of $352.30 million. During the same period in the prior year, the firm posted ($1.04) EPS. Consol Energy’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, analysts forecast that Consol Energy Inc will post 3.86 EPS for the current year.
CEIX has been the topic of a number of recent research reports. Seaport Global Securities set a $50.00 target price on shares of Consol Energy and gave the stock a “buy” rating in a research report on Saturday, February 9th. Zacks Investment Research raised shares of Consol Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, ValuEngine raised shares of Consol Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Consol Energy currently has an average rating of “Buy” and an average target price of $45.50.
In related news, SVP James J. Mccaffrey sold 1,738 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $38.40, for a total transaction of $66,739.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.71% of the company’s stock.
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About Consol Energy
CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.
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