Virtus ETF Advisers LLC acquired a new position in shares of CONSOL Coal Resources LP (NYSE:CCR) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 145,878 shares of the energy company’s stock, valued at approximately $2,432,000. Virtus ETF Advisers LLC owned about 0.53% of CONSOL Coal Resources as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Advantage Investment Management LLC raised its position in CONSOL Coal Resources by 13.5% during the 2nd quarter. Advantage Investment Management LLC now owns 15,875 shares of the energy company’s stock worth $265,000 after buying an additional 1,894 shares during the last quarter. Russell Investments Group Ltd. raised its position in CONSOL Coal Resources by 37.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,100 shares of the energy company’s stock worth $185,000 after buying an additional 3,000 shares during the last quarter. Deutsche Bank AG raised its position in CONSOL Coal Resources by 10.7% during the 4th quarter. Deutsche Bank AG now owns 55,907 shares of the energy company’s stock worth $917,000 after buying an additional 5,407 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in CONSOL Coal Resources during the 2nd quarter worth $170,000. Finally, Parametric Portfolio Associates LLC purchased a new position in CONSOL Coal Resources during the 2nd quarter worth $269,000. Institutional investors own 22.43% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Seaport Global Securities set a $19.00 price target on shares of CONSOL Coal Resources and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Jefferies Financial Group cut shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating and lowered their price target for the stock from $20.00 to $16.00 in a research note on Tuesday, August 6th. ValuEngine cut shares of CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. B. Riley set a $17.00 price target on shares of CONSOL Coal Resources and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.20.

In other CONSOL Coal Resources news, Director Consol Energy Inc. acquired 9,610 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $12.52 per share, with a total value of $120,317.20. Following the purchase, the director now owns 16,796,894 shares in the company, valued at $210,297,112.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE:CCR traded up $0.02 on Friday, reaching $13.18. 300 shares of the company were exchanged, compared to its average volume of 29,288. The company has a current ratio of 0.68, a quick ratio of 0.51 and a debt-to-equity ratio of 0.81. CONSOL Coal Resources LP has a 1-year low of $12.30 and a 1-year high of $21.13. The firm has a market cap of $367.93 million, a price-to-earnings ratio of 5.55 and a beta of 1.01. The company has a 50-day moving average of $13.91 and a 200-day moving average of $16.20.

CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.01). The business had revenue of $89.65 million during the quarter, compared to analyst estimates of $89.20 million. CONSOL Coal Resources had a net margin of 15.97% and a return on equity of 24.27%. As a group, analysts forecast that CONSOL Coal Resources LP will post 1.83 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 8th were paid a $0.512 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $2.05 dividend on an annualized basis and a yield of 15.54%. CONSOL Coal Resources’s payout ratio is 86.50%.

CONSOL Coal Resources Profile

CONSOL Coal Resources LP produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States. It owns a 25% undivided interest in the Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal located primarily in southwestern Pennsylvania.

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Institutional Ownership by Quarter for CONSOL Coal Resources (NYSE:CCR)

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