National Fuel Gas (NYSE:NFG) Shares Sold by Cwm LLC

Cwm LLC decreased its holdings in shares of National Fuel Gas (NYSE:NFG) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,119 shares of the oil and gas producer’s stock after selling 4,469 shares during the period. Cwm LLC’s holdings in National Fuel Gas were worth $4,220,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Treasurer of the State of North Carolina lifted its position in National Fuel Gas by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 40,239 shares of the oil and gas producer’s stock valued at $2,089,000 after purchasing an additional 205 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of National Fuel Gas by 1.1% during the 4th quarter. HBK Sorce Advisory LLC now owns 21,518 shares of the oil and gas producer’s stock valued at $1,080,000 after acquiring an additional 236 shares during the period. Fifth Third Bancorp lifted its position in shares of National Fuel Gas by 4.7% during the 3rd quarter. Fifth Third Bancorp now owns 5,817 shares of the oil and gas producer’s stock valued at $302,000 after acquiring an additional 263 shares during the period. Merit Financial Group LLC lifted its position in shares of National Fuel Gas by 5.9% during the 3rd quarter. Merit Financial Group LLC now owns 5,243 shares of the oil and gas producer’s stock valued at $272,000 after acquiring an additional 292 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of National Fuel Gas by 119.8% during the 4th quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 309 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

NFG has been the subject of a number of research reports. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Scotiabank lifted their price target on shares of National Fuel Gas from $67.00 to $72.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th.

National Fuel Gas Trading Up 0.3 %

Shares of NFG opened at $53.75 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.56 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $51.36 and a 200-day simple moving average of $50.83. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $56.67. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 11.27 and a beta of 0.63.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.14. National Fuel Gas had a net margin of 21.58% and a return on equity of 14.81%. The business had revenue of $525.36 million during the quarter, compared to analysts’ expectations of $664.57 million. During the same period last year, the company posted $1.84 EPS. The company’s revenue was down 20.3% on a year-over-year basis. Equities analysts forecast that National Fuel Gas will post 4.55 EPS for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.495 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.98 annualized dividend and a yield of 3.68%. National Fuel Gas’s payout ratio is currently 41.51%.

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.