OppenheimerFunds Inc. Buys New Stake in Consol Energy Inc (NYSE:CEIX)

OppenheimerFunds Inc. bought a new stake in Consol Energy Inc (NYSE:CEIX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 33,631 shares of the company’s stock, valued at approximately $1,329,000. OppenheimerFunds Inc. owned about 0.12% of Consol Energy at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CEIX. BlackRock Inc. purchased a new position in shares of Consol Energy in the 4th quarter valued at approximately $110,686,000. Bank of New York Mellon Corp purchased a new position in shares of Consol Energy in the 4th quarter valued at approximately $11,782,000. Bank of Montreal Can purchased a new position in shares of Consol Energy in the 4th quarter valued at approximately $10,322,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Consol Energy in the 4th quarter valued at approximately $8,004,000. Finally, Sei Investments Co. purchased a new position in shares of Consol Energy in the 4th quarter valued at approximately $5,729,000. Institutional investors own 94.63% of the company’s stock.

Shares of Consol Energy stock traded down $0.48 during trading on Friday, reaching $29.35. The company’s stock had a trading volume of 278,153 shares, compared to its average volume of 410,992. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.95 and a quick ratio of 0.82. Consol Energy Inc has a 12-month low of $19.51 and a 12-month high of $41.89. The company has a market cap of $813.02 and a PE ratio of 6.52.

Consol Energy (NYSE:CEIX) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.43. The business had revenue of $352.32 million during the quarter, compared to analysts’ expectations of $344.75 million. equities research analysts anticipate that Consol Energy Inc will post 3.55 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Consol Energy from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. ValuEngine downgraded Consol Energy from a “buy” rating to a “hold” rating in a research note on Monday.

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About Consol Energy

CONSOL Energy Inc, formerly CONSOL Mining Corporation, is engaged in the natural gas exploration and production business. The Company is a producer and exporter of high-Btu bituminous thermal and crossover metallurgical coal. It holds interest in the Pennsylvania Mining Complex (PMC) and related coal assets, terminal operations at the Port of Baltimore.

Institutional Ownership by Quarter for Consol Energy (NYSE:CEIX)

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