On September 17, 2023, it was reported that Clarus Wealth Advisors had acquired a new stake in CONSOL Energy Inc. (NYSE:CEIX) during the second quarter. According to the company’s filing with the Securities & Exchange Commission, Clarus purchased 3,107 shares of CONSOL Energy’s stock with an approximate value of $211,000.
CONSOL Energy Inc., whose shares opened at $97.79 on Friday, has experienced both highs and lows over the past year. Its 52-week range shows a low of $49.35 and a high of $100.31. The company also maintains a debt-to-equity ratio of 0.16, indicating a relatively low level of debt compared to its equity. Additionally, CONSOL Energy boasts a current ratio of 1.40 and a quick ratio of 1.16, which suggests its ability to meet short-term obligations.
With a market capitalization of $3.13 billion, CONSOL Energy holds a significant presence within its industry. The company currently trades at a price-to-earnings (PE) ratio of 4.63, reflecting its earnings per share in relation to its stock price. Moreover, CONSOL Energy has exhibited a beta value of 1.84, signifying higher volatility compared to the broader market.
As for its recent performance trends, CONSOL Energy has displayed a fifty-day moving average price of $79.60 and a two-hundred-day moving average price of $66.98.
Clarus Wealth Advisors’ decision to invest in CONSOL Energy Inc., as evidenced by their purchasing activity and financial filings, undoubtedly considers numerous factors that contribute to their investment thesis.
It is important to note that investment decisions should be made after thorough analysis and consideration of all available information pertaining to individual companies and sectors involved in investments.
Disclaimer: The information provided in this article is based solely on the referenced text as of September 17, 2023. Any investment decisions made should be conducted with proper research and consultation with a professional financial advisor.
CONSOL Energy Garners Attention from Institutional Investors and Reports Strong Financial Performance
CONSOL Energy (NYSE:CEIX) has recently caught the attention of various institutional investors and hedge funds. According to reports, Prelude Capital Management LLC increased its holdings in CONSOL Energy by 6.7% during the first quarter. With an additional purchase of 9,264 shares, Prelude Capital Management now owns a total of 147,401 shares, valued at $8,589,000.
Another notable investor is Brandywine Global Investment Management LLC, which acquired a new position in CONSOL Energy during the same period. The company added approximately $5,389,000 worth of shares to its portfolio. Toroso Investments LLC also entered the scene with a purchase of CONSOL Energy stocks valued at approximately $285,000.
Putnam Investments LLC is another new stakeholder that acquired CONSOL Energy shares during the first quarter for around $1,189,000. On the other hand, Rockefeller Capital Management L.P. grew its position in the company by an impressive 107.0% over the same period. They now hold 7,353 shares worth approximately $428,000.
It is worth mentioning that hedge funds and other institutional investors currently own 87.63% of CONSOL Energy’s stock.
In related news, insider Kurt R. Salvatori made headlines as he sold 6,097 shares of the firm’s stock on Thursday, August 10th. The transaction has raised eyebrows as Salvatori managed to sell his stocks for an average price of $80.24 each; consequently earning a total of $489,223.28 from the sale. Following this move, Salvatori now holds 10,498 shares in CONSOL Energy with an approximate value of $842,359.52.
Director John T Mills also joined Salvatori on selling his CONSOL Energy stock with a transaction dated Monday, August 14th – selling 8,507 shares at an average price of $80.49 each, generating a total transaction volume of $684,728.43. As a result, Mills now possesses 69,117 shares in the company with an estimated value of $5,563,227.33.
These insider transactions were publicly disclosed through legal filings with the Securities & Exchange Commission (SEC), which are available for public scrutiny through the SEC website.
Insiders have been actively selling their holdings as they have divested a total of 24,886 shares valued at $1,999,981 over the course of the last 90 days. Currently, company insiders own approximately 2.49% of CONSOL Energy’s stock.
In terms of financial performance, CONSOL Energy recently released its quarterly earnings data on Tuesday, August 8th. The company reported an impressive earnings per share (EPS) of $4.94 for the quarter – surpassing analysts’ expectations by $0.51 or around 11%. The company’s revenue stood at $660.97 million during this period compared to analysts’ forecasted revenue of approximately $588.20 million.
CONSOL Energy has also demonstrated strong returns on equity with a figure of 53.65%, indicating efficient utilization of shareholder’s investments. Additionally, the company enjoys a net margin of 29.17%.
Equities research analysts foresee even more positive outcomes as they predict that CONSOL Energy Inc.’s earnings per share for the current year will amount to approximately $20.63 – giving investors something to look forward to.
To provide further insight into market sentiment regarding CONSOL Energy’s prospects, B.Riley lowered their price objective on shares from $84 to $81 in a research note published on Monday, June 26th.
It seems that CONSOL Energy is attracting significant attention from institutional investors and hedge funds while simultaneously reporting strong financial results and exceeding market expectations with its quarterly earnings performance. Market observers eagerly await future developments from the company.