Shelton Capital Management Has $209,000 Position in National Fuel Gas (NYSE:NFG)

Shelton Capital Management lowered its stake in National Fuel Gas (NYSE:NFG) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,442 shares of the oil and gas producer’s stock after selling 252 shares during the quarter. Shelton Capital Management’s holdings in National Fuel Gas were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kentucky Trust Co acquired a new position in National Fuel Gas in the fourth quarter valued at about $25,000. UMB Bank n.a. increased its stake in shares of National Fuel Gas by 82.9% in the 4th quarter. UMB Bank n.a. now owns 481 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 218 shares during the last quarter. S.A. Mason LLC acquired a new stake in shares of National Fuel Gas in the 4th quarter valued at approximately $38,000. Aster Capital Management DIFC Ltd boosted its stake in National Fuel Gas by 223.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 656 shares of the oil and gas producer’s stock worth $40,000 after acquiring an additional 453 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in National Fuel Gas by 49.5% during the fourth quarter. V Square Quantitative Management LLC now owns 722 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 239 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. StockNews.com lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a report on Monday, April 7th. JPMorgan Chase & Co. lifted their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.67.

National Fuel Gas Price Performance

Shares of NFG opened at $76.41 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. National Fuel Gas has a twelve month low of $51.46 and a twelve month high of $80.14. The stock has a market capitalization of $6.92 billion, a P/E ratio of -545.72 and a beta of 0.61. The company has a 50 day moving average of $75.01 and a 200-day moving average of $66.91.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.22. National Fuel Gas had a negative net margin of 0.53% and a positive return on equity of 15.96%. During the same period last year, the company posted $1.46 EPS. As a group, equities research analysts forecast that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.06 annualized dividend and a yield of 2.70%. National Fuel Gas’s dividend payout ratio (DPR) is presently -1,471.43%.

About National Fuel Gas

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.