Los Angeles Capital Management LLC Sells 31,177 Shares of National Fuel Gas Company $NFG

Los Angeles Capital Management LLC lessened its holdings in National Fuel Gas Company (NYSE:NFG) by 14.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 191,157 shares of the oil and gas producer’s stock after selling 31,177 shares during the quarter. Los Angeles Capital Management LLC’s holdings in National Fuel Gas were worth $15,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in shares of 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 buying an additional 217 shares during the period. Eastern Bank purchased a new stake in shares of National Fuel Gas in the 4th quarter worth $42,000. Torren Management LLC purchased a new stake in shares of National Fuel Gas in the 4th quarter worth $49,000. Clearstead Advisors LLC lifted its holdings in shares of National Fuel Gas by 184.8% in the 3rd quarter. Clearstead Advisors LLC now owns 860 shares of the oil and gas producer’s stock worth $79,000 after buying an additional 558 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of National Fuel Gas by 49.1% in the 3rd quarter. Assetmark Inc. now owns 914 shares of the oil and gas producer’s stock worth $84,000 after buying an additional 301 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Trading Up 0.1%

Shares of NYSE NFG opened at $77.46 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. The stock 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. National Fuel Gas Company has a 1-year low of $75.85 and a 1-year high of $97.06. The business has a fifty day moving average price of $85.81 and a 200 day moving average price of $85.17.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). The company had revenue of $858.37 million for the quarter, compared to analysts’ expectations of $856.57 million. National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.39 earnings per share. Equities research analysts expect that National Fuel Gas Company will post 7.59 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

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

Wall Street Analyst Weigh In

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 report on Friday, May 22nd. KeyCorp initiated coverage on National Fuel Gas in a report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 target price for the company. Finally, Zacks Research upgraded National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.00.

National Fuel Gas Company 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.