Private Capital Management LLC lowered its stake in National Fuel Gas Co. (NYSE:NFG) by 33.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 258,678 shares of the oil and gas producer’s stock after selling 129,435 shares during the quarter. National Fuel Gas comprises about 11.7% of Private Capital Management LLC’s holdings, making the stock its 17th biggest position. Private Capital Management LLC’s holdings in National Fuel Gas were worth $15,769,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Man Group plc raised its holdings in National Fuel Gas by 40.5% during the 1st quarter. Man Group plc now owns 232,855 shares of the oil and gas producer’s stock worth $14,195,000 after buying an additional 67,132 shares during the period. Macquarie Group Ltd. raised its holdings in National Fuel Gas by 69.7% during the 1st quarter. Macquarie Group Ltd. now owns 49,200 shares of the oil and gas producer’s stock worth $2,999,000 after buying an additional 20,200 shares during the period. MetLife Investment Advisors LLC raised its holdings in National Fuel Gas by 0.3% during the 1st quarter. MetLife Investment Advisors LLC now owns 52,587 shares of the oil and gas producer’s stock worth $3,206,000 after buying an additional 176 shares during the period. Aristotle Capital Management LLC increased its holdings in shares of National Fuel Gas by 2.6% in the 1st quarter. Aristotle Capital Management LLC now owns 5,827,057 shares of the oil and gas producer’s stock valued at $355,217,000 after purchasing an additional 149,022 shares during the period. Finally, SEI Investments Co increased its holdings in shares of National Fuel Gas by 13.6% in the 1st quarter. SEI Investments Co now owns 187,507 shares of the oil and gas producer’s stock valued at $11,431,000 after purchasing an additional 22,419 shares during the period. 73.57% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on NFG shares. US Capital Advisors downgraded National Fuel Gas from an “overweight” rating to a “hold” rating in a report on Monday, March 18th. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th.
Shares of NFG traded up $0.26 during trading hours on Friday, reaching $54.03. The company’s stock had a trading volume of 6,320 shares, compared to its average volume of 561,731. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 5.43 and a beta of 0.89. National Fuel Gas Co. has a 1-year low of $49.60 and a 1-year high of $61.71. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 1.07.
National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, May 2nd. The oil and gas producer reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.08). The business had revenue of $552.54 million during the quarter, compared to analyst estimates of $602.15 million. National Fuel Gas had a net margin of 17.57% and a return on equity of 14.99%. National Fuel Gas’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. Equities research analysts expect that National Fuel Gas Co. will post 3.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.435 dividend. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.22%. National Fuel Gas’s dividend payout ratio is currently 50.90%.
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About National Fuel Gas
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.
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