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

Signaturefd LLC cut its holdings in National Fuel Gas (NYSE:NFG) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,717 shares of the oil and gas producer’s stock after selling 1,146 shares during the period. Signaturefd LLC’s holdings in National Fuel Gas were worth $136,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of National Fuel Gas by 119.8% during the fourth quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 309 shares during the last quarter. Quent Capital LLC increased its holdings in National Fuel Gas by 166.4% in the 4th quarter. Quent Capital LLC now owns 690 shares of the oil and gas producer’s stock valued at $35,000 after purchasing an additional 431 shares during the last quarter. NBC Securities Inc. purchased a new stake in National Fuel Gas in the third quarter valued at approximately $95,000. ORG Partners LLC acquired a new position in National Fuel Gas during the fourth quarter worth $164,000. Finally, C M Bidwell & Associates Ltd. boosted its position in shares of National Fuel Gas by 28.9% during the third quarter. C M Bidwell & Associates Ltd. now owns 3,436 shares of the oil and gas producer’s stock worth $178,000 after buying an additional 770 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

National Fuel Gas Trading Up 0.2 %

NYSE:NFG opened at $53.92 on Tuesday. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $56.12. The firm has a market cap of $4.97 billion, a PE ratio of 11.30 and a beta of 0.63. The company has a current ratio of 0.56, a quick ratio of 0.47 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average price of $51.90 and a 200 day moving average price of $50.85.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, February 8th. The oil and gas producer reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.14. The business had revenue of $525.36 million during the quarter, compared to the consensus estimate of $664.57 million. National Fuel Gas had a return on equity of 14.81% and a net margin of 21.58%. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share. Sell-side analysts anticipate that National Fuel Gas will post 4.55 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.495 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.67%. National Fuel Gas’s payout ratio is 41.51%.

Analyst Ratings Changes

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

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.