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

Cwm LLC cut its holdings in shares of National Fuel Gas (NYSE:NFG) by 6.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,599 shares of the oil and gas producer’s stock after selling 4,894 shares during the period. Cwm LLC owned about 0.08% of National Fuel Gas worth $4,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in National Fuel Gas by 38.6% during the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 194 shares in the last quarter. Cullen Investment Group LTD. grew its position in shares of National Fuel Gas by 0.7% during the third quarter. Cullen Investment Group LTD. now owns 30,021 shares of the oil and gas producer’s stock worth $1,820,000 after buying an additional 202 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in shares of National Fuel Gas by 1.0% in the first quarter. HBK Sorce Advisory LLC now owns 21,743 shares of the oil and gas producer’s stock worth $1,168,000 after buying an additional 225 shares during the last quarter. Financial Advocates Investment Management increased its stake in shares of National Fuel Gas by 6.2% in the second quarter. Financial Advocates Investment Management now owns 4,182 shares of the oil and gas producer’s stock worth $227,000 after buying an additional 243 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in National Fuel Gas by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 53,460 shares of the oil and gas producer’s stock valued at $2,873,000 after acquiring an additional 244 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NFG shares. JPMorgan Chase & Co. dropped their target price on shares of National Fuel Gas from $64.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Scotiabank upped their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday.

National Fuel Gas Stock Up 0.8 %

Shares of NYSE:NFG opened at $60.36 on Friday. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 17.50 and a beta of 0.62. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $61.56. The company’s fifty day moving average is $59.63 and its two-hundred day moving average is $56.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.65 and a current ratio of 0.77.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $417.40 million during the quarter, compared to analyst estimates of $540.62 million. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. Equities analysts anticipate that National Fuel Gas will post 5.05 EPS for the current year.

National Fuel Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.515 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.41%. National Fuel Gas’s dividend payout ratio (DPR) is presently 59.71%.

Insider Activity at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $60.77, for a total value of $103,309.00. Following the completion of the transaction, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.55% of the stock is currently owned by insiders.

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.