QRG Capital Management Inc. Decreases Stock Position in National Fuel Gas Company $NFG

QRG Capital Management Inc. cut its position in National Fuel Gas Company (NYSE:NFG) by 66.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,389 shares of the oil and gas producer’s stock after selling 6,742 shares during the quarter. QRG Capital Management Inc.’s holdings in National Fuel Gas were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NFG. Foster & Motley Inc. boosted its position in National Fuel Gas by 14.9% during the second quarter. Foster & Motley Inc. now owns 69,353 shares of the oil and gas producer’s stock worth $5,875,000 after purchasing an additional 8,993 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of National Fuel Gas during the 2nd quarter valued at approximately $638,000. Fox Run Management L.L.C. boosted its holdings in National Fuel Gas by 80.0% in the 2nd quarter. Fox Run Management L.L.C. now owns 15,291 shares of the oil and gas producer’s stock worth $1,295,000 after buying an additional 6,796 shares during the period. Nordea Investment Management AB grew its stake in National Fuel Gas by 15.2% in the 3rd quarter. Nordea Investment Management AB now owns 103,374 shares of the oil and gas producer’s stock valued at $9,541,000 after buying an additional 13,620 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in National Fuel Gas by 152.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 34,345 shares of the oil and gas producer’s stock valued at $2,909,000 after acquiring an additional 20,726 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NFG shares. Zacks Research lowered National Fuel Gas from a “hold” rating to a “strong sell” rating in a report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Finally, Scotiabank set a $101.00 target price on National Fuel Gas in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $96.33.

National Fuel Gas Trading Up 0.0%

Shares of NFG stock opened at $81.59 on Friday. The company has a market capitalization of $7.75 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.13 and a beta of 0.61. National Fuel Gas Company has a 52-week low of $67.11 and a 52-week high of $94.13. The business’s fifty day moving average is $81.14 and its 200 day moving average is $84.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.35 and a current ratio of 0.44.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The business had revenue of $466.28 million for the quarter, compared to analyst estimates of $534.57 million. National Fuel Gas had a return on equity of 21.76% and a net margin of 22.86%.The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. On average, equities research analysts anticipate that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, December 31st. National Fuel Gas’s payout ratio is currently 37.68%.

About National Fuel Gas

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.