Hancock Whitney Corp reduced its holdings in shares of Consol Energy Inc (NYSE:CEIX) by 31.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,117 shares of the company’s stock after selling 5,540 shares during the quarter. Hancock Whitney Corp’s holdings in Consol Energy were worth $384,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Consol Energy by 9.5% during the second quarter. Bank of New York Mellon Corp now owns 317,748 shares of the company’s stock worth $12,185,000 after purchasing an additional 27,487 shares during the period. Prudential Financial Inc. grew its stake in Consol Energy by 395.9% during the third quarter. Prudential Financial Inc. now owns 252,587 shares of the company’s stock worth $10,308,000 after purchasing an additional 201,649 shares during the period. Rhumbline Advisers grew its stake in Consol Energy by 4.3% during the third quarter. Rhumbline Advisers now owns 66,789 shares of the company’s stock worth $2,726,000 after purchasing an additional 2,767 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Consol Energy by 25.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,685 shares of the company’s stock worth $273,000 after purchasing an additional 1,349 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Consol Energy by 43.5% during the third quarter. Alliancebernstein L.P. now owns 96,454 shares of the company’s stock worth $3,936,000 after purchasing an additional 29,257 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.
In other news, SVP James J. Mccaffrey sold 1,738 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $38.40, for a total value of $66,739.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.71% of the stock is owned by company insiders.
Consol Energy (NYSE:CEIX) last posted its earnings results on Friday, February 8th. The company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.65. Consol Energy had a return on equity of 32.47% and a net margin of 9.99%. The company had revenue of $347.80 million for the quarter, compared to analyst estimates of $352.30 million. During the same quarter last year, the company earned ($1.04) earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. Research analysts forecast that Consol Energy Inc will post 3.16 EPS for the current year.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Consol Energy from a “buy” rating to a “hold” rating in a research note on Monday. ValuEngine raised Consol Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Seaport Global Securities set a $50.00 price objective on Consol Energy and gave the company a “buy” rating in a research note on Saturday, February 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $45.50.
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Consol Energy Profile
CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.
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