KBC Group NV Has $192,000 Holdings in National Fuel Gas Company $NFG

KBC Group NV lessened its holdings in shares of National Fuel Gas Company (NYSE:NFG) by 41.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,271 shares of the oil and gas producer’s stock after selling 1,637 shares during the period. KBC Group NV’s holdings in National Fuel Gas were worth $192,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ibex Wealth Advisors lifted its holdings in shares of National Fuel Gas by 3.9% in the second quarter. Ibex Wealth Advisors now owns 85,379 shares of the oil and gas producer’s stock valued at $7,232,000 after purchasing an additional 3,194 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of National Fuel Gas in the 2nd quarter valued at about $458,000. Allworth Financial LP grew its stake in National Fuel Gas by 126.3% in the second quarter. Allworth Financial LP now owns 4,627 shares of the oil and gas producer’s stock valued at $392,000 after purchasing an additional 2,582 shares in the last quarter. Keystone Financial Services acquired a new position in National Fuel Gas during the second quarter worth $252,000. Finally, Los Angeles Capital Management LLC raised its position in National Fuel Gas by 70.7% during the second quarter. Los Angeles Capital Management LLC now owns 312,252 shares of the oil and gas producer’s stock worth $26,451,000 after acquiring an additional 129,324 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on NFG. Zacks Research downgraded shares of National Fuel Gas from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a research report on Monday. Finally, Scotiabank lowered National Fuel Gas from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $102.00 to $106.00 in a research note on Thursday, October 9th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, National Fuel Gas presently has a consensus rating of “Hold” and a consensus target price of $98.00.

National Fuel Gas Price Performance

National Fuel Gas stock opened at $81.36 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average is $84.98 and its 200-day moving average is $84.86. National Fuel Gas Company has a 12 month low of $59.01 and a 12 month high of $94.13. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 0.45 and a beta of 0.57.

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

National Fuel Gas Announces Dividend

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

National Fuel Gas Company 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.