Synovus Financial Corp Makes New Investment in CONSOL Energy Inc. (NYSE:CEIX)

Synovus Financial Corp bought a new stake in shares of CONSOL Energy Inc. (NYSE:CEIX) in the 3rd quarter, Holdings Channel reports. The fund bought 3,000 shares of the company’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CEIX. Samlyn Capital LLC purchased a new position in CONSOL Energy in the second quarter valued at about $36,033,000. Victory Capital Management Inc. boosted its stake in shares of CONSOL Energy by 578.7% during the 3rd quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock valued at $27,746,000 after buying an additional 226,069 shares during the last quarter. Barlow Wealth Partners Inc. acquired a new stake in shares of CONSOL Energy during the second quarter worth approximately $13,645,000. International Assets Investment Management LLC bought a new stake in shares of CONSOL Energy in the third quarter worth $10,032,000. Finally, American Century Companies Inc. raised its holdings in CONSOL Energy by 6.8% in the second quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock valued at $62,370,000 after acquiring an additional 38,669 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CEIX shares. Benchmark boosted their target price on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. B. Riley boosted their price objective on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Stock Down 1.8 %

CEIX stock opened at $109.89 on Thursday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 8.07 and a beta of 1.76. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $134.59. The firm has a fifty day moving average price of $118.52 and a two-hundred day moving average price of $105.37. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16.

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

CONSOL Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is presently 7.34%.

CONSOL Energy 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.