Waldron Private Wealth LLC Reduces Position in National Fuel Gas (NYSE:NFG)

Waldron Private Wealth LLC trimmed its holdings in National Fuel Gas (NYSE:NFG) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,472 shares of the oil and gas producer’s stock after selling 615 shares during the quarter. Waldron Private Wealth LLC’s holdings in National Fuel Gas were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in National Fuel Gas by 0.8% in the first quarter. Vanguard Group Inc. now owns 13,313,064 shares of the oil and gas producer’s stock valued at $715,178,000 after purchasing an additional 104,587 shares during the last quarter. Energy Income Partners LLC boosted its holdings in National Fuel Gas by 2.4% in the first quarter. Energy Income Partners LLC now owns 2,595,437 shares of the oil and gas producer’s stock valued at $139,427,000 after purchasing an additional 62,009 shares during the last quarter. Gabelli Funds LLC boosted its holdings in National Fuel Gas by 1.0% in the second quarter. Gabelli Funds LLC now owns 2,533,482 shares of the oil and gas producer’s stock valued at $137,289,000 after purchasing an additional 24,800 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in National Fuel Gas by 46.5% in the second quarter. Victory Capital Management Inc. now owns 1,732,969 shares of the oil and gas producer’s stock valued at $93,910,000 after purchasing an additional 550,153 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in National Fuel Gas by 7.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,320,850 shares of the oil and gas producer’s stock valued at $70,956,000 after purchasing an additional 96,410 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NFG shares. Scotiabank upped their price target on shares of National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. StockNews.com downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th.

National Fuel Gas Stock Down 0.1 %

Shares of NYSE NFG opened at $62.53 on Wednesday. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $63.54. The stock has a market cap of $5.75 billion, a PE ratio of 12.41 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $60.03 and a 200 day moving average of $57.19.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.80%. The company had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $540.62 million. During the same quarter in the prior year, the company earned $1.01 EPS. National Fuel Gas’s revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that National Fuel Gas will post 5.05 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.515 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.06 annualized dividend and a yield of 3.29%. National Fuel Gas’s dividend payout ratio (DPR) is presently 40.87%.

Insider Activity at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of National Fuel Gas stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total value of $103,309.00. Following the completion of the sale, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.55% of the stock is owned by insiders.

National Fuel Gas Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.