National Fuel Gas (NYSE:NFG) Stake Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its holdings in National Fuel Gas (NYSE:NFGFree Report) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,906 shares of the oil and gas producer’s stock after selling 35,823 shares during the period. Hsbc Holdings PLC owned approximately 0.14% of National Fuel Gas worth $6,576,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of National Fuel Gas by 119.8% in the fourth quarter. Blue Trust Inc. now owns 567 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Quent Capital LLC lifted its holdings in shares of National Fuel Gas by 166.4% in the fourth 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 in the last quarter. NBC Securities Inc. purchased a new stake in shares of National Fuel Gas in the third quarter valued at $95,000. ORG Partners LLC purchased a new stake in shares of National Fuel Gas in the fourth quarter valued at $164,000. Finally, C M Bidwell & Associates Ltd. lifted its holdings in shares of National Fuel Gas by 28.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 3,436 shares of the oil and gas producer’s stock valued at $178,000 after purchasing an additional 770 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Trading Up 0.1 %

NYSE NFG opened at $57.21 on Tuesday. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $57.60. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $5.26 billion, a PE ratio of 11.35 and a beta of 0.62. The firm’s fifty day simple moving average is $54.53 and its 200-day simple moving average is $51.44.

National Fuel Gas (NYSE:NFGGet Free Report) last posted its earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 EPS for the quarter, topping the consensus estimate of $1.41 by $0.38. The firm had revenue of $629.94 million for the quarter, compared to the consensus estimate of $767.33 million. National Fuel Gas had a net margin of 23.84% and a return on equity of 15.06%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 earnings per share. As a group, sell-side analysts anticipate that National Fuel Gas will post 5.07 earnings per share for the current fiscal year.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 3.46%. The ex-dividend date was Wednesday, March 27th. National Fuel Gas’s payout ratio is 39.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NFG. Scotiabank upped their price target on shares of National Fuel Gas from $72.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 9th. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.

Check Out Our Latest Stock Analysis on NFG

National Fuel Gas Profile

(Free Report)

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.

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Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

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