Mutual of America Capital Management LLC Decreases Holdings in National Fuel Gas (NYSE:NFG)

Mutual of America Capital Management LLC trimmed its holdings in shares of National Fuel Gas (NYSE:NFG) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,735 shares of the oil and gas producer’s stock after selling 2,950 shares during the quarter. Mutual of America Capital Management LLC’s holdings in National Fuel Gas were worth $2,846,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NFG. Blue Trust Inc. raised its position in shares of National Fuel Gas by 119.8% during the 4th quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 309 shares in the last quarter. Belpointe Asset Management LLC raised its position in shares of National Fuel Gas by 145.5% during the 1st quarter. Belpointe Asset Management LLC now owns 572 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 339 shares in the last quarter. Quent Capital LLC raised its position in shares of National Fuel Gas by 166.4% during the 4th quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer’s stock valued at $35,000 after buying an additional 431 shares in the last quarter. Artemis Wealth Advisors LLC purchased a new stake in shares of National Fuel Gas during the 3rd quarter valued at about $40,000. Finally, Stonebridge Capital Advisors LLC raised its position in shares of National Fuel Gas by 68.9% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 760 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 310 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Stock Performance

Shares of NYSE:NFG opened at $52.00 on Friday. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 10.90 and a beta of 0.63. National Fuel Gas has a 12 month low of $45.32 and a 12 month high of $56.67. The firm’s 50-day moving average is $51.00 and its 200 day moving average is $50.78. The company has a current ratio of 0.56, a quick ratio of 0.47 and a debt-to-equity ratio of 0.75.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas producer reported $1.46 EPS for the quarter, beating the consensus estimate of $1.32 by $0.14. The company had revenue of $525.36 million for the quarter, compared to the consensus estimate of $664.57 million. National Fuel Gas had a net margin of 21.58% and a return on equity of 14.81%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 EPS. Research analysts predict that National Fuel Gas will post 4.87 EPS for the current year.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.495 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.98 dividend on an annualized basis and a yield of 3.81%. National Fuel Gas’s dividend payout ratio is currently 41.51%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NFG shares. Scotiabank upped their target price on shares of National Fuel Gas from $67.00 to $72.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th.

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.