BI Asset Management Fondsmaeglerselskab A S Cuts Stock Position in National Fuel Gas Company $NFG

BI Asset Management Fondsmaeglerselskab A S lessened its stake in National Fuel Gas Company (NYSE:NFG) by 25.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 59,821 shares of the oil and gas producer’s stock after selling 19,902 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in National Fuel Gas were worth $4,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in National Fuel Gas by 105.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 217 shares in the last quarter. Eastern Bank purchased a new stake in shares of National Fuel Gas during the fourth quarter worth approximately $42,000. Torren Management LLC purchased a new stake in shares of National Fuel Gas during the fourth quarter worth approximately $49,000. EverSource Wealth Advisors LLC increased its position in shares of National Fuel Gas by 88.1% during the second quarter. EverSource Wealth Advisors LLC now owns 916 shares of the oil and gas producer’s stock worth $78,000 after purchasing an additional 429 shares in the last quarter. Finally, Clearstead Advisors LLC increased its position in shares of National Fuel Gas by 184.8% during the third quarter. Clearstead Advisors LLC now owns 860 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Stock Performance

NYSE NFG opened at $77.46 on Monday. The stock’s fifty day moving average is $85.81 and its two-hundred day moving average is $85.17. The firm has a market capitalization of $7.36 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 1.70 and a beta of 0.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.62. National Fuel Gas Company has a fifty-two week low of $75.85 and a fifty-two week high of $97.06.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.14). National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The business had revenue of $858.37 million during the quarter, compared to analyst estimates of $856.57 million. During the same period last year, the company earned $2.39 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, research analysts anticipate that National Fuel Gas Company will post 7.59 earnings per share for the current year.

National Fuel Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, March 31st. National Fuel Gas’s dividend payout ratio is 28.96%.

Analyst Upgrades and Downgrades

NFG has been the subject of several research reports. Weiss Ratings upgraded National Fuel Gas from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 22nd. Zacks Research upgraded National Fuel Gas from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, KeyCorp initiated coverage on National Fuel Gas in a research report on Tuesday, April 7th. They set an “overweight” rating and a $110.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

National Fuel Gas Profile

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.