Paradiem LLC Takes $1.61 Million Position in CONSOL Energy Inc. (NYSE:CEIX)

Paradiem LLC bought a new stake in CONSOL Energy Inc. (NYSE:CEIX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,042 shares of the company’s stock, valued at approximately $1,613,000.

A number of other large investors have also recently added to or reduced their stakes in CEIX. Parkside Financial Bank & Trust boosted its stake in CONSOL Energy by 866.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the company’s stock valued at $49,000 after acquiring an additional 416 shares during the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of CONSOL Energy during the third quarter worth $50,000. GAMMA Investing LLC acquired a new stake in shares of CONSOL Energy during the fourth quarter worth $74,000. CI Investments Inc. acquired a new stake in shares of CONSOL Energy during the third quarter worth $182,000. Finally, Xponance Inc. acquired a new stake in shares of CONSOL Energy during the third quarter worth $208,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their target price on shares of CONSOL Energy from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th.

CONSOL Energy Stock Performance

Shares of NYSE:CEIX traded down $0.42 on Friday, reaching $85.73. 260,270 shares of the company’s stock were exchanged, compared to its average volume of 375,325. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 4.36 and a beta of 1.76. CONSOL Energy Inc. has a fifty-two week low of $53.40 and a fifty-two week high of $114.30. The business’s 50-day moving average is $84.11 and its two-hundred day moving average is $93.54. 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 (NYSE:CEIX) last released its quarterly earnings data on Tuesday, February 6th. The company reported $5.05 earnings per share for the quarter, topping analysts’ consensus estimates of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The business had revenue of $649.90 million for the quarter, compared to analysts’ expectations of $608.90 million. During the same quarter last year, the company earned $3.89 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that CONSOL Energy Inc. will post 11.02 EPS for the current year.

Insider Buying and Selling

In related news, CAO John Rothka sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $94.56, for a total value of $189,120.00. Following the sale, the chief accounting officer now owns 13,108 shares of the company’s stock, valued at approximately $1,239,492.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

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.