Maverick Capital Ltd. Raises Position in CONSOL Energy Inc. (NYSE:CEIX)

Maverick Capital Ltd. grew its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 26.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,783 shares of the company’s stock after purchasing an additional 3,688 shares during the quarter. Maverick Capital Ltd. owned approximately 0.06% of CONSOL Energy worth $1,861,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Samlyn Capital LLC acquired a new position in CONSOL Energy in the second quarter valued at $36,033,000. Victory Capital Management Inc. boosted its holdings in CONSOL Energy by 578.7% in the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock valued at $27,746,000 after acquiring an additional 226,069 shares during the last quarter. Barlow Wealth Partners Inc. acquired a new position in CONSOL Energy in the second quarter valued at $13,645,000. International Assets Investment Management LLC acquired a new position in CONSOL Energy in the third quarter valued at $10,032,000. Finally, Hennessy Advisors Inc. boosted its holdings in CONSOL Energy by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 279,000 shares of the company’s stock valued at $28,466,000 after acquiring an additional 42,800 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Down 0.5 %

NYSE:CEIX opened at $130.70 on Friday. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 9.60 and a beta of 1.73. CONSOL Energy Inc. has a one year low of $75.43 and a one year high of $134.59. The stock has a 50-day simple moving average of $114.60 and a 200 day simple moving average of $103.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

CONSOL Energy (NYSE:CEIX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. The business had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $3.11 earnings per share. Sell-side analysts predict that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The company 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. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.77%. CONSOL Energy’s dividend payout ratio (DPR) is 7.34%.

Analyst Ratings Changes

Several research analysts have commented on CEIX shares. Benchmark raised 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. 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 report on Monday, October 7th.

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.