National Fuel Gas Company $NFG Stock Position Lowered by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in National Fuel Gas Company (NYSE:NFG) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,981 shares of the oil and gas producer’s stock after selling 1,344 shares during the quarter. PNC Financial Services Group Inc. owned about 0.08% of National Fuel Gas worth $6,267,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NFG. Envestnet Asset Management Inc. boosted its position in shares of National Fuel Gas by 24.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 161,461 shares of the oil and gas producer’s stock valued at $12,786,000 after purchasing an additional 31,300 shares during the period. Apollon Wealth Management LLC raised its holdings in National Fuel Gas by 13.1% during the 1st quarter. Apollon Wealth Management LLC now owns 4,329 shares of the oil and gas producer’s stock worth $343,000 after buying an additional 500 shares during the period. WNY Asset Management LLC lifted its stake in National Fuel Gas by 32.1% during the first quarter. WNY Asset Management LLC now owns 30,767 shares of the oil and gas producer’s stock valued at $2,436,000 after buying an additional 7,478 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of National Fuel Gas in the first quarter worth about $14,486,000. Finally, Horizon Investment Services LLC boosted its holdings in shares of National Fuel Gas by 2.5% in the first quarter. Horizon Investment Services LLC now owns 6,618 shares of the oil and gas producer’s stock worth $524,000 after buying an additional 162 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NFG shares. Weiss Ratings raised shares of National Fuel Gas from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, November 11th. Scotiabank downgraded National Fuel Gas from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $102.00 to $106.00 in a report on Thursday, October 9th. Wall Street Zen lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Zacks Research lowered National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $98.00.

National Fuel Gas Trading Up 0.2%

National Fuel Gas stock opened at $80.94 on Monday. National Fuel Gas Company has a one year low of $59.01 and a one year high of $94.13. The company’s fifty day moving average price is $85.17 and its two-hundred day moving average price is $84.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.46 and a quick ratio of 0.39. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 0.45 and a beta of 0.57.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $456.41 million for the quarter, compared to analyst estimates of $534.57 million. National Fuel Gas had a net margin of 11.15% and a return on equity of 20.81%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. On average, analysts forecast that National Fuel Gas Company will post 6.64 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is presently 37.68%.

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.