State of Tennessee Treasury Department acquired a new stake in Consol Energy Inc (NYSE:CEIX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,480 shares of the company’s stock, valued at approximately $809,000. State of Tennessee Treasury Department owned 0.07% of Consol Energy at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. American International Group Inc. purchased a new position in shares of Consol Energy in the fourth quarter valued at about $148,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Consol Energy during the fourth quarter valued at about $8,004,000. Virtu Financial LLC purchased a new position in shares of Consol Energy during the fourth quarter valued at about $214,000. Tower Research Capital LLC TRC purchased a new position in shares of Consol Energy during the fourth quarter valued at about $162,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Consol Energy during the fourth quarter valued at about $719,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.
Shares of NYSE CEIX traded down $0.48 during midday trading on Friday, hitting $29.35. 278,153 shares of the company traded hands, compared to its average volume of 410,992. Consol Energy Inc has a 12-month low of $19.51 and a 12-month high of $41.89. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.95 and a quick ratio of 0.82. The stock has a market capitalization of $813.02 and a P/E ratio of 6.52.
Consol Energy (NYSE:CEIX) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.43. The company had revenue of $352.32 million for the quarter, compared to analysts’ expectations of $344.75 million. research analysts anticipate that Consol Energy Inc will post 3.55 earnings per share for the current year.
Several equities analysts recently issued reports on CEIX shares. ValuEngine cut shares of Consol Energy from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus reduced their price target on shares of Consol Energy from $41.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th.
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Consol Energy Profile
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.
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